Warner Bros Discovery (WBD) has once again advised its shareholders to reject an “inadequate” $108.4 billion (€92.7) takeover bid by Paramount Skydance amid the ongoing duel with Netflix to take control of the media conglomerate. “The Board unanimously determined that the Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key […]
Paramount and Warner Bros Discovery (WBD) certainly compete for the dubious honour of the ugliest kids in the family of media giants. Both badly need a suitor, and Paramount made it to the altar first. But, you know, marry in haste and all that. Skydance was the only serious caller and so became the partner/owner. […]
Paramount+ has announced that Mayor of Kingstown has been renewed for an eight-episode fifth and final season, starring Oscar nominee Jeremy Renner and Emmy and Golden Globe winner Edie Falco. The series is co-created by Taylor Sheridan and Hugh Dillon. The fourth season, which currently has a 100 per cent rating on Rotten Tomatoes, ended […]
David Ellison’s father, the Oracle founder Larry Ellison, has agreed to personally backstop the $40.4 billion (€34.3bn) in equity financing connected to the deal, and has agreed not to revoke the Ellison family trust or adversely transfer assets in the trust while any deal is pending. “Paramount has repeatedly demonstrated its commitment to acquiring WBD. […]
Warner Bros Discovery (WBD) has announced that its Board of Directors has unanimously rejected Paramount Skydance’s $108 billion+ takeover bid. Paramount had attempted to gatecrash Netflix’s acquisition of WBD with an offer of $30 a share, declaring that it was “superior” to the streaming giant’s $72 billion deal initially struck with WBD. “Following a careful […]
SkyShowtime has announced the launch of dedicated, on-demand streaming channels on its platform, offering subscribers a selection of curated entertainment. Rolling out in Sweden immediately and across SkyShowtime’s other markets next year, the new feature will give users the chance to discover some of SkyShowtime’s most popular franchises such as Dexter, House, PAW Patrol, Star […]
The battle for control of Warner Bros is hotting up, but Pivotal Research Group, a New York-based equity investment house, has firmly downgraded its view on Netflix from ‘Buy’ to ‘Hold’. Analyst Jeff Wlodarczak summed up its position saying it is concerned that short-form content (from the likes of TikTok, Instagram, X, YouTube and Snap) […]
5 has confirmed its refreshed daytime line-up for 2026, unveiling a new talk show fronted by Matt Allwright as it invests further in in the schedule and expands its output with ITN Productions. Storm Huntley is set to welcome new co-host Alexis Conran, Jeremy Vine will continue in his regular slot, while Vanessa Feltz will round off the 5 […]
Paramount has made an all-cash offer to for Warner Bros Discovery (WBD) at $30 per share, gatecrashing the Netflix deal. It claims its offer is “superior” to the offer from Netflix, and its proposed transaction is for the entirety of WBD, including the Global Networks segment. Paramount said its “strategically and financially compelling offer to […]
Following reports of exclusive negotiations between Netflix and Warner Bros Discovery (WBD), a deal has swiftly been confirmed that will see the streaming giant acquire WBD’s TV and film studios and streaming division – including the likes of HBO Max, the Harry Potter Universe and DC Comics – at a total equity value of approximately […]