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…
DStv parent MultiChoice Group on Monday sent a warning to its subscribers: that 12 Warner Bros Discovery-owned channels could be removed from all DStv bouquets in the coming weeks should the two parties fail to reach a new distribution agreement. In a letter, which was sent as an on-screen pop up and e-mail to DStv…
Netflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter. The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media on its successful bid for Paramount Global,…
Paramount Skydance is working with an investment bank as it prepares an offer for Warner Bros. Discovery, according to people familiar with the matter. Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic dealings. A…
David Corenswet stars are Superman in Warner Bros.’ “Superman.” Warner Bros. Discovery “Superman” soared into theaters this weekend, snapping up an estimated $122 million in domestic ticket sales and launching a new era of DC superhero flicks. The film marks the first theatrical debut of James Gunn and Peter Safran since they became co-heads of…
