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Business, Entertainment, Film, HBO, Netflix, Streaming, Tech, Tech News, TV Shows

There are no good outcomes for the Warner Bros. sale

Netflix is the frontrunner to become Warner Bros.’ new owner, but the war for control of the legacy studio isn’t over just yet. Paramount Skydance has made its own outsize offer for the company that would give CEO David Ellison even more control over the news and entertainment landscape. And while Warner Bros. Discovery has […]

AI, Business, News, OpenAI, Tech, Tech News

OpenAI hires Slack’s CEO as its chief revenue officer

OpenAI is bringing Slack CEO Denise Dresser on board to serve as the AI giant’s chief revenue officer. In an announcement on Tuesday, OpenAI says Dresser will oversee the company’s global revenue strategy, while helping “more businesses put AI to work in their day-to-day operations.” Dresser has worked at Slack’s parent company, Salesforce, for 12 […]

Business, Netflix, News, Policy, Streaming, Tech, Tech News

Paramount launches a hostile $108 billion bid to snatch Warner from Netflix

Paramount has launched a $108.4 billion hostile takeover bid for Warner Bros. Discovery, calling Netflix’s $83 billion arrangement to purchase the entertainment giant’s studios and streaming service “inferior.” The Paramount proposal, unlike Netflix’s, would also include the linear networks owned by WBD. Paramount says its deal offers a “superior alternative to the Netflix transaction,” citing […]

Business, Entertainment, Film, Netflix, News, Streaming, Tech, Tech News, TV Shows

Netflix is buying Warner Bros: All of the latest updates

After a bidding war that reportedly also involved Paramount, Comcast, Amazon, and Apple, on December 5th, Netflix struck a deal to buy Warner Bros. for $82.7 billion, buying the studio, HBO / HBO Max, Warner Games, and more, while leaving cable and sports assets, including CNN, TNT Sports, and the Discovery channels out. There are […]

Business, Entertainment, Film, Netflix, News, Streaming, Tech, Tech News, TV Shows

Netflix wins the bidding war for Warner Bros.

Netflix is poised to purchase Warner Bros.’ studio and streaming business after being selected as the winner of the bidding war for the media giant. The two companies will now move forward into exclusive deal talks, TheWrap reports, likely including a $5 billion break-up fee in case regulators block the buyout. Netflix reportedly offered $30 […]

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