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.
The surprise bid disrupts Netflix’s near-finished deal and ignites a new battle over control, financing, and the future of major Hollywood assets.
The acquisition positions Netflix to absorb a century of Warner Bros. film and animation history as industry consolidation accelerates.
The offers put WB’s vast animation catalog and its workforce in the spotlight as staff brace for a fourth major transition in a decade.
Warner Bros. Discovery and Mundoloco CGI announce seven finalists for Launchpad Series, a new platform spotlighting emerging Latin American animators.
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.
WBD says its board is reviewing strategic options to boost shareholder value. No word in today’s release on how a sale might impact employees or customers.
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.
Last week, Warner Bros. sued Midjourney – like Disney and Universal did before – and Anthropic agreed to pay $1.5B for scraping protected literature.
‘Courage the Cowardly Dog’ and ‘What’s New, Scooby-Doo?’ were pulled from HBO Max, as Warner Bros. Discovery pivots away from legacy animated shows.
The three companies being shuttered are Monolith Productions, Player First Games, and Warner Bros. Games San Diego
Expect to see a lot more of this classic cat-and-mouse duo in 2025.
Even though WBD has made two recent Looney Tunes features that it has chosen to not release itself, it is already planning a revival of the brand.
After 26 years of operation, the Cartoon Network website has been shut down.
The service’s last day will be September 30, 2024.
This latest era of the streaming wars is creating strange bedfellows, including a partnership between two longtime rivals.
The network is licensing a significant part of the Warner Bros. Discovery classic animation library, as well as series and shorts from other companies.
Upcoming titles include ‘Suicide Squad ISEKAI’ and ‘Fist of the North Star: Hokuto no Ken.’
Approximately 150 employees will be laid off.
It’s been two decades since the cult favorite series ended, but Demers says WB brass has given a solid “maybe” to their proposal.