Warner Bros. Discovery’s (WBD) board of directors urged shareholders to reject Paramount Skydance’s hostile bid for the company, arguing that the offer is “illusory” and “imposes numerous, significant risks and costs.”
Read More Warner Bros. Discovery board urges shareholders to reject Paramount’s bid, argues Ellison family has ‘consistently misled’ shareholders
Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers and creators.
Read More Warner Bros asks investors to reject takeover bid by Paramount Skydance
President Donald Trump believes there “could be a problem” with the $72 billion potential merger between Netflix and Warner Bros. Discovery, citing his concerns over the combined company’s massive market share in streaming and content production.
Read More Trump warns Netflix-Warner Bros. deal ‘could be a problem’ over market share
Netflix announced on Friday of their purchase of Warner Bros. Discovery’s studio and streaming business, in a major deal that rocks Hollywood and the media landscape.
Read More Netflix set to swallow Hollywood: Announcing historic acquisition of Warner Bros.
The acquisition would bring two of the industry’s biggest players in film and TV under one roof and alter the entertainment industry landscape.
Read More Netflix to acquire Warner Bros. studio and streaming business for $72 billion
Warner Bros Discovery is hitting rewind on Max’s branding, bringing back the HBO name it dropped from the streaming service two years ago.
Read More Warner Bros Discovery revives HBO Max branding for global push