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 […]
In November, Ted Sarandos, Netflix’s co-CEO made a trip to the White House for a lengthy meeting with Donald Trump. According to Bloomberg, the two discussed a number of topics, but chief among them was Netflix’s plan to bid on Warner Bros. At the end of their conversation, Sardonos felt that “Netflix wouldn’t face immediate […]
Will Netflix’s $82.7 billion deal to acquire Warner Bros. get approval from federal regulators? While Paramount was assumed to be the frontrunner to acquire the storied movie studio thanks to CEO David Ellison’s connections to the Trump administration, new reporting in Bloomberg and The Hollywood Reporter suggests that Netflix co-CEO Ted Sarandos met with President […]
It’s only been a day since Netflix announced an $82.7 billion deal to acquire Warner Bros., and the acquisition has already been described as sending Hollywood into “full-blown panic mode,” “possibly a death blow to theatrical filmmaking,” and maybe even “the end of Hollywood” itself.
Warner Bros. has an infamous history of being bought by other companies and then quickly ending up back on the market after its new owners realize how difficult it is to capitalize on a legacy production studio’s assets. Those challenges are part of what doomed WB’s mergers with AOL and AT&T, who bought the studio […]
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 […]
In one of the most groundbreaking deals the streaming world has ever seen, Netflix acquires Warner Bros. for $82.7 billion.
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 […]
Netflix has removed the ability to cast shows and movies from phones to TVs, unless subscribers are using older casting devices. An updated help page on Netflix’s website, first reported by Android Authority, says that the streaming service “no longer supports casting shows from a mobile device to most TVs and TV-streaming devices,” and instead […]
It has been a decade since the Stranger Things phenomenon began, and the Duffer brothers had had ample time to craft a strong finish to their breakout hit series. But the beginning of the show’s fifth and final season feels like a frantic race to the end. While Stranger Things wasn’t Netflix’s first breakout hit, […]