Warner Bros. Discovery has formally declared Paramount Skydance’s latest takeover proposal a “superior” offer to its existing deal with Netflix, escalating one of the most dramatic bidding wars…
Read more Warner Bros. officially deems Paramount’s bid ‘superior’ and Netflix withdraws | FortuneLast week, Warner Bros. Discovery (WBD) announced plans to sell Warner Bros. Pictures, DC Studios and streaming service HBO Max to Netflix, following a bidding war that also ended with…
Read more Netflix, Warner, Paramount and antitrust: Entertainment megadeal’s outcome must follow the evidence, not politics or fear of integration | FortuneFormer President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than…
Read more Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and moreShari Redstone arrives at the Allen & Co. Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. Getty Images Today (June 9) marks the start of…
Read more Media and Tech Titans Arrive At Sun Valley 2024: In Photos So Far“There might have been other scenarios that could have played out in other ways, but this seems to be currently the scenario for the moment.” Those were Sony…
Read more Sony’s Tom Rothman On Skydance-Paramount Deal, Calls David Ellison “A Very Capable Executive” – ‘Fly Me To The Moon’ PremiereCBS and Paramount Global have filed a response to a discrimination lawsuit by a writer who claimed he wasn’t hired because he was a straight, white man. Brian…
Read more CBS Claims First Amendment Allows It To Select Writers “Best Suited” For Its Programs In Discrimination Lawsuit ResponseWarren Buffett unveiled Chubb as his secret buy and Berkshire Hathaway’s equity portfolio had some other changes in the first quarter, according to a new regulatory filing. Firstly,…
Read more Warren Buffett’s Berkshire Hathaway made a number of changes in its equity portfolio last quarterAfter weeks of negotiations, Skydance’s proposed merger with Paramount Global appears to be on the ropes. Paramount’s special board committee appears to have cooled on the offer, which…
Read more Paramount Appears Set to Back Away From Skydance Deal, Leaving Uncertain Path ForwardMathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to…
Read more Companies — profitable or not — make 2024 the year of cost cutsGlen Powell and Sydney Sweeney star in Sony’s “Anyone But You.” Sony Released just before the crowded Christmas movie season, Sony’s “Anyone But You” seemed destined to be…
Read more ‘Anyone But You’ could spark a rom-com renaissance in HollywoodMedia giants spent most of 2023 looking for signs of a turnaround in advertising spending after several years of a soft market. Despite some rosy predictions, they’re still…
Read more Advertisers Ride the Brakes: Sharp Drops in TV Spending Make Media Companies VulnerableWould the combination of Warner Bros. Discovery and Paramount Global — two companies heavily tied to the declining legacy TV biz — make financial sense? Investors reacted to…
Read more Shares of Warner Bros. Discovery, Paramount Dip as Investors Take Stock of Potential MergerThe Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and…
Read more Paramount shares jump after reports of takeover interestLinda Rene once proved instrumental in weaving blue-chip advertisers like Anheuser-Busch and General Motors into a fledgling CBS reality competition called “Survivor.” Two decades later, she is planning…
Read more Linda Rene, CBS Veteran Who Paired Big Brands With ‘Survivor’ and More, Plans to ExitAdd Walt Disney Co. DIS, Warner Bros. Discovery Inc. WBD, Comcast Corp. CMCSA and Paramount Global PARA to the growing list of major brands pausing advertising on Elon…
Read more Disney, Warner Bros., Comcast, Paramount Global are the latest to pull ads from Elon Musk’s XNEW YORK, NEW YORK – OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began…
Read more SAG-AFTRA says studios’ latest offer falls short of union’s AI demandsHollywood’s writers and studios have a preliminary labor agreement. Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed last week…
Read more Writers reach tentative deal with studios to end strike after nearly 150 daysPeople carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11, 2023. Mario Tama |…
Read more Hollywood is paying a steep price for never really figuring out the streaming modelChief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November…
Read more Disney asset sales won’t break the bank, but they will move legacy media forwardNeeraj Khemlani, president of CBS News, at the annual White House Correspondents’ Association Dinner in Washington, U.S., April 29, 2023. Tom Brenner | Reuters Neeraj Khemlani, the president…
Read more CBS News chief Neeraj Khemlani reportedly stepping down
