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Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount

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In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.

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Netflix walks away from its deal to buy Warner Bros. after Paramount came back with a better offer

Digital Marketing, HBO, Netflix, SEO Tips, Streaming, Technology /
Netflix has dropped its $83 billion deal to acquire the Warner Bros. studio and its streaming service HBO Max. In an announcement on Thursday, co-CEOs Ted Sarandos and Greg Peters say the streamer is “declining to match” the new bid made by Paramount: The transaction we negotiated would have created shareholder value with a clear […]

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Netflix’s F1 series Drive to Survive will stream on Apple TV, too

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Netflix’s sports docuseries obsession started a few years ago with F1: Drive to Survive, but when the eighth season premieres after midnight tonight, it will also be available on Apple TV. Now that Apple TV has a five-year deal to be the US streaming home for F1 races, subscribers in the US will be able […]

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Trump says Netflix will ‘pay the consequences’ if it doesn’t fire Susan Rice

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Donald Trump threatened that there would be “consequences” for Netflix if it didn’t fire board member Susan Rice. Rice served in both the Obama and Biden administrations, and recently appeared on Preet Bharara’s podcast, where she said corporations that “take a knee to Trump” are going to be “caught with more than their pants down. […]

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Warner Bros. Discovery gives Paramount one week to present its ‘best and final’ offer

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After rejecting Paramount’s latest acquisition bid, Warner Bros. Discovery says it’s giving the David Ellison-led entertainment giant seven days to make its “best and final” proposal. Though WBD is reopening negotiations with Paramount, the company makes it clear in a press release that it still favors Netflix’s $82.7 billion deal to purchase its studio and […]

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Republicans attack ‘woke’ Netflix — and ignore YouTube

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When Netflix co-CEO Ted Sarandos entered the Senate office building on Tuesday, he got thrown a curveball. What started as a standard antitrust hearing relating to the Warner Bros. merger quickly devolved into a performative Republican attack about the spread of “woke” ideology on the streaming service. At the same time, arguably a much more […]

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Republicans haul Netflix before Congress for being too ‘woke’

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Netflix CEO Ted Sarandos was launched into the middle of a congressional culture war on Tuesday as he testified before a Senate subcommittee about the company’s attempt to buy a large part of Warner Bros Discovery. The hearing before the Senate Judiciary antitrust subcommittee highlighted an array of traditional merger concerns on both sides of […]

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