Warner Bros. Discovery Board Rejects Paramount’s Hostile Offer
The WBD board warns shareholders Paramount's offer is too risky, citing uncertain financing and long-term concerns as the takeover fight continues.
The WBD board warns shareholders Paramount's offer is too risky, citing uncertain financing and long-term concerns as the takeover fight continues.
According to Reuters, Netflix has tapped an investment bank to explore a possible WBD bid and has been given access to the company's financial data room.
Paramount Skydance, backed by the Ellison family, is weighing a bid for Warner Bros. Discovery in a move that could reshape Hollywood’s studio landscape.
Reporting to studio president Bill Damaschke, Prigmore will also director a film for the unit.
The show, a "modernized" and "dynamic" reboot of the 1990s live-action series, will debut later this year.
According to creator J. Michael Straczynski, the film is "Classic B5: raucous, heartfelt, nonstop, a ton of fun through time and space."
"With animation, we used to be about staying in-house but now we are doing it on different platforms," says WBTV chief Channing Dungey.
In a companywide townhall on Wednesday, the embattled CEO assured employees that, despite rumors, there are no plans for a WBD sale.
The decision was made as Warner looks to break up its Pictures Group division, placing Feature Animation under new, dedicated leadership.
Discovery and Warnermedia have now merged into Warner Bros. Discovery.
Warnermedia Kids and Family has come up with a multi-pronged approach to take on Netflix, Disney, Youtube, and Nickelodeon in the highly competitive kids' space.
As part of their deal, they will identify and develop other Disney projects from emerging and diverse talent.
As part of the restructuring, Cartoon Network boss Tom Ascheim says that the brand will "not always be cartoons."
Combined, the two studios he's leading currently produce more than 30 series.
The show is based on Tui T. Sutherland's bestselling fantasy book series of the same name.
The race for animation talent heats up as Warner Bros. Animation signs its first overall deal.
Studio Ghibli, "South Park," and Looney Tunes are just a few of the big animation offerings that'll be available on HBO Max.
The booming trend of overall deals reflects the shifting landscape of the tv animation industry in Los Angeles.
New Looney Tunes debuted on Wednesday in front of a standing-room only crowd of 1,000 festival attendees.
The "Get Animated Invasion" pop-up exhibit offers nine interactive spaces designed around select musical elements of Warner Bros. cartoons.