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With Netflix declining to raise its offer, Warner Bros. fate lies in the hands of government regulators, as Paramount Skydance moves closer to taking control.
Speaking with the New York Times, Netflix co-CEO said that if his company gets into theatrical distribution: “I want to win box office.”
David Ellison takes Warner Bros. Discovery to court, demanding financial disclosures on its Netflix deal as Paramount pushes its rival bid.
Warner Bros. Discovery rejects a revised takeover bid from Paramount Skydance, despite new guarantees from backer Larry Ellison, reaffirming its Netflix deal.
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.