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Tag: Paramount

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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 […]

Warner Bros Discovery to host Spotify podcast
Business

Again, WBD board rejects Paramount hostile bid

The Warner Bros. Discovery board once again unanimously urged shareholders to reject Paramount Skydance’s hostile takeover bid on Wednesday. The board maintained that the Paramount offer is “inferior” to the company’s earlier agreement with Netflix to acquire WBD’s studio and streaming operations for $72 billion. “We have a signed merger agreement with Netflix, it’s a […]

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 […]

Paramount Global, Skydance complete $8.4bn merger
Business

Job cuts loom at Paramount Skydance months after merger completion

Paramount Skydance will begin cutting nearly 1,000 jobs on Wednesday, just months after completing its merger. The total layoffs are expected to reach 2,000 positions, according to CNBC, citing a source familiar with the matter. “When we launched the new Paramount in August, we made clear that building a strong, future-focused company would require significant […]

Business

Paramount, Activision ink deal for ‘Call of Duty’ movie

Paramount has struck a deal with Microsoft-owned Activision to develop, produce, and distribute a live-action film adaptation of Call of Duty, one of the most successful video game franchises in history. “As a lifelong fan of Call of Duty this is truly a dream come true,” David Ellison, chairman and CEO of Paramount, said in […]

Paramount Global, Skydance complete $8.4bn merger
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Paramount Global, Skydance complete $8.4bn merger

Paramount Global and Skydance Media have officially completed their long-anticipated $8.4 billion merger, forming a new entity now known as Paramount Skydance Corp, the companies announced on Wednesday. The deal, over a year in the making, closes amid a shifting media landscape and follows months of political scrutiny and shareholder concerns. Beginning Thursday, the newly […]

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