Senate grills Netflix and Warner Bros. over $83 billion deal
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EXCLUSIVE: Ted Sarandos’ testimony tomorrow in front of a pivotal Senate subcommittee looks to be strewn with MAGA landmines that are intended to blow up Netflix’s path to buying most of Warner Bros.
Netflix has agreed to buy Warner Bros. Discovery’s studio and streaming business in an all-cash deal for $27.75 a share. Warner Bros.′ board has unanimously approved the deal and its shareholders will vote on it in the next couple of months. That is the state of play. There is no bidding war. Netflix has won and Paramount Skydance has lost.
“Time to put up or shut up” for David Ellison if he wants to own the Warner Bros. Discovery media empire – and he’s got a couple of weeks to decide. That’s the message coming from WBD’s mercurial CEO David Zaslav,
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Kenneth Hyman, Warner Bros. Exec and Producer on ‘The Hill' and ‘The Dirty Dozen,' Dies at 97
Thanks to him, Gordon Parks became the first Black person to direct a film for a major American studio with ‘The Learning Tree.'
The Netflix-WBD deal is going through the US regulatory process, and it's the DOJ that has the power to block the merger. Here's how the federal agency can do so.
Just over a month after the Directors Guild vowed to meet with the companies seeking to acquire Warner Bros, the guild’s president Christopher Nolan confirms that the union has held discussions with both Netflix and Paramount over its concerns about the legendary company being swallowed by a competitor.
Robert Pietranton probably would have been aghast but his many friends and colleagues were heartened to gather on Saturday at the Steven J. Ross Theater on the Warner Bros. lot to pay tribute to the long-serving Warner Bros.