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Tag: Netflix

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Netflix pulls out of Warner Bros. bid, Paramount takes lead

Netflix has dramatically withdrawn from the prolonged bidding war for Warner Bros. Discovery, positioning Paramount Global, backed by Skydance, as the leading contender to acquire the media conglomerate and its key assets, including CNN. Netflix confirmed it has “declined to raise its offer for Warner Bros.” after the WBD board determined that Paramount had tabled […]

Entertainment featured

Netflix criticises Paramount’s $108bn bid for Warner Bros Discovery

Netflix has criticised Paramount’s $108 billion bid for Warner Bros Discovery, saying the rival studio is already saddled with quite a lot of debt. The streaming giant’s co-chief executive, Greg Peters, said this while speaking to Financial Times, stating that Paramount’s offer “doesn’t pass the sniff test,” adding that most WBD shareholders have yet to […]

Netflix commits over $23.5m into Nigeria entertainment industry - FG
Tech

Netflix switches to all-cash offer for WBD acquisition

Netflix has revised its proposal to acquire Warner Bros. Discovery’s studio and streaming assets, shifting to an all-cash offer, according to a Tuesday SEC filing. The new plan sets the purchase price at $27.75 per WBD share, entirely in cash, for HBO Max and the Warner Bros. film studio. The companies had previously agreed in […]

Netflix unveils first use of generative AI in original series
Tech

Vietnam orders Netflix to remove Chinese series showing disputed sea map

Vietnam has instructed Netflix to remove the Chinese TV series Shine On Me from its platform in the country due to scenes showing a map used by Beijing to assert disputed claims in the South China Sea. “The inspection found scenes showing the ‘nine-dash line’ map, which misrepresents and violates Vietnam’s national sovereignty,” the Department […]

Netflix's stock increases as subscriber base expands in Q3 2023
Tech

Netflix buys $82.7bn Warner Bros Discovery assets

Netflix announced Friday that it has reached an agreement to acquire key assets of Warner Bros. Discovery, concluding a fast-moving bidding contest that also drew interest from Paramount–Skydance and Comcast. The cash-and-stock deal values WBD at $27.75 per share, giving the transaction an equity value of $72 billion and a total enterprise value of about […]

Netflix to roll out games for TVs, laptops
Tech

Netflix emerges favourite to buy Warner Bros Discovery, HBO Max

Netflix is in exclusive negotiations to acquire Warner Bros. Discovery’s film and television studio, along with its HBO Max streaming service. The move follows a weeks-long bidding battle for the assets, with competitors including Paramount, Skydance, and Comcast, according to VARIETY. Paramount Skydance, led by newly appointed CEO David Ellison, had aimed to acquire all […]

Netflix to roll out games for TVs, laptops
Tech

Netflix temporarily crashes during ‘Stranger Things’ final season unveiling

Netflix encountered a brief service interruption Wednesday evening coinciding with the launch of the fifth and final season of”Stranger Things.” The outage was confirmed by a spike in user reports on DownDetector.com just after 9 p.m. Eastern and by social media complaints from subscribers. The first wave of issues appeared on DownDetector around 7:40 p.m.Eastern, […]

Warner Bros Discovery to host Spotify podcast
Tech

Paramount, Comcast, Netflix enter bidding war for Warner Bros

Paramount, Comcast, and Netflix have all submitted bids to acquire either all or parts of Warner Bros. Discovery, marking a significant turning point for the media industry. The bids were submitted ahead of Thursday’s deadline for non-binding offers, according to DEADLINE, citing sources. A subsequent round will follow, where bidders can submit final, binding proposals […]

Tech

Netflix explores bid for Warner Bros Discovery’s studio, streaming assets

Netflix is reportedly weighing a bid for Warner Bros. Discovery’s studio and streaming operations, having engaged investment bank Moelis & Co. as its advisor and secured access to the company’s financial data. The report stated that Moelis & Co., the same firm that advised Skydance Media in its successful Paramount Global deal, has been tasked […]

Netflix to roll out games for TVs, laptops
Business

Netflix considers bid for champions league broadcast rights

Netflix may be preparing to make its boldest move yet into live sports broadcasting, with reports suggesting the streaming giant is considering a bid for global rights to one UEFA Champions League match per round starting from the 2027–28 season. The plan would give Netflix access to a premier fixture each round, marking a major […]

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Nigeria collects over ₦600bn VAT from Facebook, Amazon, Netflix

The Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, Mr Mathew Osanekwu, has revealed that Nigeria has successfully collected over ₦600bn in Value Added Tax from global digital service providers such as Facebook, Amazon, and Netflix. He explained that amendments to the VAT Act had empowered the Federal Inland Revenue […]

Netflix unveils first use of generative AI in original series
Tech

Netflix under probe in Poland over subscription hike violations

Netflix under probe in Poland over The Polish regulator, the Office for Competition and Consumer Protection, has accused Netflix of raising subscription fees without securing users’ explicit consent. UOKiK said on Monday that in August 2024, Netflix increased certain monthly tariffs by up to PLN 7 without obtaining active approval from subscribers, according to Reuters. […]

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