Senate grills Netflix and Warner Bros. over $83 billion deal
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EXCLUSIVE: Ted Sarandos’ testimony tomorrow in front of a pivotal Senate subcommittee looks to be strewn with MAGA landmines that are intended to blow up Netflix’s path to buying most of Warner Bros.
Netflix has agreed to buy Warner Bros. Discovery’s studio and streaming business in an all-cash deal for $27.75 a share. Warner Bros.′ board has unanimously approved the deal and its shareholders will vote on it in the next couple of months. That is the state of play. There is no bidding war. Netflix has won and Paramount Skydance has lost.
“Time to put up or shut up” for David Ellison if he wants to own the Warner Bros. Discovery media empire – and he’s got a couple of weeks to decide. That’s the message coming from WBD’s mercurial CEO David Zaslav,
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Kenneth Hyman, Warner Bros. Exec and Producer on ‘The Hill' and ‘The Dirty Dozen,' Dies at 97
Thanks to him, Gordon Parks became the first Black person to direct a film for a major American studio with ‘The Learning Tree.'
The Producers Guild of America urged members of the Senate Judiciary Committee on Tuesday to keep American entertainment workers at the center of its oversight into the potential acquisition of Warner Bros.
The fight over who controls Warner Bros. Discovery isn’t just a corporate chess match anymore. It’s turning into a high-stakes moment for the future of Hollywood. With Netflix and Paramount Skydance circling the legendary studio,