Netflix, Paramount and Warner Bros.
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"Landman" claims the top spot on this week's streaming Top 10, launching past "Stranger Things" and Netflix's new Diddy doc
Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.
Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.
No, it’s not Netflix’s quest to acquire Warner Bros. Discovery. It’s Sumner Redstone’s long and painful struggle with Barry Diller to control Paramount three decades ago. The outcome reordered the media industry and created a new Hollywood dynasty.
The high-stakes battle to buy all or part of Warner Bros. Discovery goes on. But who needs it more to thrive in the future: Netflix or Paramount Skydance. Some thoughts
After winning the award for best game adaptation for HBO series The Last of Us, Druckmann took to the stage to make his speech. In the clip, now posted on Twitter, the Naughty Dog Studio Head thanked the relevant studios before adding, "Do we need to thank Netflix or Paramount, or whoever our streaming overlord is now?"
Netflix now trades 30% off its all-time high. At a price-to-earnings ratio of 38, Netflix, a company that analysts (pre-acquisition) estimate will grow earnings at an annualized rate of 23% over the long term, looks like a strong buy for long-term investors.
Paramount pitches Netflix as a European Union nonstarter, but regulators seem unfazed — and Trump may be the only audience that matters.