DAILYCALLER (Spencer Lombardo) - Hollywood Scheming To Tank Paramount’s Bid For Warner Bros. Discovery
Hollywood has been working to scrap Paramount Skydance's potential merger with Warner Bros. Discovery.
NYTIMES (Nicole Sperling) - Netflix Leader Makes Rare Overture to Cinema Owners
Ted Sarandos attended a major movie theater conference for the first time and met with domestic and international owners, people familiar with the meetings said.
THEAMERICANCONSERVATIVE (Scott Greer) - Trump Is Right About Netflix’s Political Bias
The company’s board member Susan Rice seeks anti-Trump revenge. The post Trump Is Right About Netflix’s Political Bias appeared first on The American Conservative .
Politics Trump Is Right About Netflix’s Political Bias The company’s board member Susan Rice seeks anti-Trump revenge. President Donald Trump recently demanded Netflix fire Susan Rice from its board. “Netflix should fire racist, Trump Deranged Susan Rice, IMMEDIATELY, or pay the consequences,” the commander in chief wrote in a Truth Social post . “She’s got no talent or skills – Purely a political hack!” Trump unleashed this fusillade against Rice in response to the former Obama official saying she wanted “accountability” for corporate interests that “bend the knee” to the president’s agenda.…Open
AXIOS (Sara Fischer) - Scoop: The White House meeting that never was
Netflix co-CEO Ted Sarandos never met with President Trump or any White House officials last week when he visited Washington, according to sources familiar with the engagement. - Sarandos was informed shortly after arriving at the White House that his meeting was canceled because of a last-minute scheduling conflict, and then he promptly left the building. Why it matters: Media onlookers were quick to speculate that Sarandos' meeting at the White House on Thursday prompted Netflix to drop out of the bidding war for Warner Bros. Discovery. - But Netflix had already determined at that point that it wouldn't up its bid, Sarandos told Bloomberg. - Trump talked to Sarandos on the phone later that evening after Netflix had already announced…
THENATIONALPULSE (Raheem J. Kassam) - KASSAM: Why Netflix Turned Tail and Abandoned Its Warner Bros Bid.
For months, the assumption in both political and media circles was that the Netflix-Warner Bros-Paramount throuple’s argument would end in a bidding war. Paramount made an offer for Warner Bros. Netflix retained the contractual right to match. Paramount nudged its bid up by another dollar per share this week. Netflix had every legal right — […] The post KASSAM: Why Netflix Turned Tail and Abandoned Its Warner Bros Bid. appeared first on The National Pulse .
For months, the assumption in both political and media circles was that the Netflix-Warner Bros-Paramount throuple’s argument would end in a bidding war. Paramount made an offer for Warner Bros. Netflix retained the contractual right to match. Paramount nudged its bid up by another dollar per share this week. Netflix had every legal right — and more than enough cash — to respond. But in the end, Netflix backed down, in a victory for antitrust policy that will be studied and cited for years, perhaps decades, to come. Netflix has held more than $9 billion in cash for three consecutive years, so none of its retreat was about balance sheet capacity. Indeed, it was about a regulatory reality set in place by figures like the recently…Open
JUSTTHENEWS (Misty Severi) - Warner Bros employees fear Paramount merger after CBS News takeover: Report
Netflix dropped its offer Thursday after declining to match the bid from Paramount that was offering $31 per share of the company, compared to Netflix's $28.
AXIOS (Sara Fischer) - Hollywood's mega-merger battle ends with Warner Bros. as the real winner
Data: Financial Modeling Prep ; Chart: Axios Visuals In repeatedly rebuffing takeover offers from Paramount Skydance, Warner Bros. Discovery's board managed to create one of Hollywood's most dramatic and lucrative bidding wars, ultimately elevating the company's stock price and leading to a $31-a-share deal with Paramount. Why it matters: If the deal ultimately gets approved by regulators and goes through, Warner Bros. Discovery CEO David Zaslav will have cemented his legacy as one of the savviest media dealmakers of all time. - It wasn't long ago that Zaslav, one of Hollywood's highest-paid executives, was facing grim prospects as his company struggled to convince Wall Street that its streaming strategy could compete with behemoths like…
AXIOS (Christine Wang) - Netflix says it won't raise bid for Warner Bros.
Netflix said Thursday that it won't raise its bid for Warner Bros. Discovery's streaming and studio assets, allowing Paramount Skydance to emerge as the winning bidder. Why it matters: The statement came shortly after WBD's board announced that Paramount's revised bid of $31 per share was superior to its deal with Netflix. What they're saying: Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement that their deal "would have created shareholder value with a clear path to regulatory approval." - "However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid." - They thanked WBD…
NYTIMES (Lauren Hirsch) - Paramount Revises Its Bid for Warner Bros. Discovery
Netflix, Warner Bros. Discovery’s preferred acquirer, now has four days to counter Paramount’s revised offer.
NYTIMES (David McCabe) - Netflix Leader Pushes Warner Deal Before Skeptical Lawmakers
Senators asked Ted Sarandos about whether the acquisition would raise prices, squeeze talent and degrade the moviegoing experience.