Movie theater operators are reeling after Netflix, long viewed as public enemy No. 1, announced that it has a deal in place to buy Warner Bros. for $82.7 million. The sale, which still needs regulatory approval, has the potential to…
Warner Bros. Discovery’s top four executives – President and CEO David Zaslav, CFO Gunnar Wiedenfels, Chief Legal Officer Priya Aiyar and Chief Revenue and Strategy Officer Bruce Campbell talked up Netflix’s $83B deal to buy the company in its town…
Paramount is plenty peeved about the way Warner Bros Discovery is conducting a possible sale and it wants everyone to know it won’t go quietly if either Netflix or Comcast are the winning bidder. The David Ellison company is pushing…
Word of revised bids by the three companies looking to acquire all or part of Warner Bros. Discovery surfaced Monday, the day designated by the media giant as the deadline for the next round of offers. Paramount, which has already…
Paramount, Comcast and Netflix have submitted bids to acquire all or part of Warner Bros. Discovery, ushering in a dramatic period of evolution for the media business. Multiple sources confirmed the bidding to Deadline, with the word coming as a…
As Paramount, Comcast and Netflix prepare bids for Warner Bros. Discovery ahead of a Thursday deadline, speculation is growing about the role of Middle East wealth in the game-changing transaction. Saudi Crown Prince Mohammed bin Salman pledged investments of $1 trillion…
Longtime CBS Evening News anchor and regular 60 Minutes contributor Dan Rather does not like what he sees happening at — and to — his old employer. Before David Ellison bought Paramount Global and merged it with his Skydance (forming…
Warner Bros. Discovery is suing a prominent artificial intelligence image generator for copyright infringement, escalating a high-stakes battle involving the use of movies and TV shows owned by major studios to teach AI systems. The lawsuit accuses Midjourney, which has…
Warner Bros Discovery is refocusing its video game unit on four core franchises: Game of Thrones, Mortal Kombat, Harry Potter and the DC Universe. The move, which entailed some shuffling of executives, was a response to erratic results in the…
As Elmo leaves the HBO family, so does HBO Family. The spinoff channel, which launched in December 1996 as a more kid- and family-friendly version of HBO, will shut down on August 15. It’s part of a larger strategy by…