A Netflix building in Hollywood. Daniel Cole/Reuters Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio. “We’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal…
Dado Ruvic/Reuters Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets without increasing the US$82.7-billion price in a bid to shut the door on Paramount’s rival efforts to snag the Hollywood giant. The new all-cash bid — at $27.75/share — has unanimous support from the Warner Bros board, according…
Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…
The high-stakes tug-of-war over Warner Bros. Discovery (WBD) remains the focal point of Hollywood, as Paramount Skydance continues to challenge Netflix’s massive acquisition proposal. In an effort to mitigate industry-wide anxiety regarding the potential merger, Netflix co-CEO Ted Sarandos has begun a charm offensive aimed at reassuring theatre owners and traditionalists about the streaming giant’s…
Canal+ and Warner Bros. Discovery have announced a major expansion of their long-standing strategic partnership, signing a new multi-year, multi-territory agreement that significantly strengthens their collaboration internationally. The expanded deal covers the distribution of HBO Max as well as the renewal of several Warner Bros. Discovery (WBD) thematic television channels across multiple markets in Africa…
DStv parent Groupe Canal+ and Warner Bros Discovery have reached a last-minute agreement that will see 12 channels, including CNN International and Cartoon Network, stay on the DStv bouquet following the warning earlier this month that they might be discontinued. According to a statement by Canal+ on Wednesday, the deal between the two broadcasting giants…
Image: Reuters Warner Bros Discovery’s board has rejected Paramount Skydance’s US$108.4-billion hostile bid on Wednesday, saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had “consistently misled” Warner Bros shareholders that its $30/share cash offer was fully guaranteed, or “backstopped”, by…
Paramount Skydance on Monday launched a hostile, US$108.4-billion bid to buy Warner Bros Discovery, throwing a wrench into the $72-billion deal with Netflix in a last-ditch effort to create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and…
Mike Blake/Netflix Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for US$72-billion, excluding debt, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer that has upended the media industry. The agreement, announced on Friday, follows a weeks-long bidding…
The acquisition by Netflix of big chunks of Warner Bros Discovery in a US$72-billion megadeal could hardly have come at a worse time for MultiChoice Group. Reuters reported that Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for $83-billion (including debt), a deal that would hand control of one…
