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
Paramount said Monday that it going straight to Warner Bros. shareholders with a $30 per share in cash offer for the entirety of Warner Bros. Discovery.
Read More Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix
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
The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.
Read More The Dow hits a record as 3M, Coca-Cola and other big US stocks climb
Warner Bros. Discovery (WBD) has joined Paramount in refusing to sign a letter to boycott Israeli film institutions, according to Variety and Deadline reports.
Read More Warner Bros follows Paramount in refusing to boycott Israeli film industry