Netflix, Warner Bros. and Paramount
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In a high-stakes corporate showdown, Warner Bros. Discovery urges shareholders to favor Netflix's acquisition proposal over Paramount Skydance's hostile bid. The decision could reshape the media landscape,
The studio owns the only remaining massive trove of iconic IP in Hollywood. No wonder Ted Sarandos and David Ellison are battling to lock it up.
Theater owners fear a sale of Warner Bros. to another major media player could further decrease movie production at a time when the industry has faced multiple setbacks.
Starz put in a $25 billion bid for all of Warner Bros. Discovery’s cable networks and 20% of its studio and streaming businesses last month.
Netflix is a company that understands the value of themed entertainment. While the world doesn’t have a Netflix theme park (yet), by the time you read this, the company will have opened its second Netflix House complex in as many months, with a third location already planned for Las Vegas.