Future of Paramount+ among merger talks

[Char Kais]

Hilarious that Zaslav is considered a hero given his uneven tenure and downright villainous status for his tax write off use for projects.

AT&T bought Time Warner for $85.4 billion (US$108.7 billion with debt) in 2016. [Time Warner is renamed to WarnerMedia]

AT&T sold WarnerMedia for $43 billion in 2022. [WarnerMedia is renamed to Warner Bros. Discovery]
David Zaslav becomes the new CEO of Warner Bros. Discovery.

Currently Paramount Skydance is offering $60 billion for Warner Bros. Discovery (and it's going to get higher).

Seems like David Zaslav is doing things right.

 

[Christmas Canon Spock]

AT&T bought Time Warner for $85.4 billion (US$108.7 billion with debt) in 2016. [Time Warner is renamed to WarnerMedia]

AT&T sold WarnerMedia for $43 billion in 2022. [WarnerMedia is renamed to Warner Bros. Discovery]
David Zaslav becomes the new CEO of Warner Bros. Discovery.

Currently Paramount Skydance is offering $60 billion for Warner Bros. Discovery (and it's going to get higher).

Seems like David Zaslav is doing things right.

If all one wants is cold hard cash then sure.

I'm sure Trek fans will love a Star Trek production as a soulless cash grab.

 

[DarrenTR1970]

I don't know how reliable The Daily Beast is as a news source, however, according to an article on their website, the majority of the 2000+ employees scheduled to be laid off in the coming weeks are people of color.

 

[Danja]

Netflix Exploring Warner Bros Bid, Taps Investment Bank That Handled Paramount-Skydance

Netflix has retained a financial advisor from Moelis & Co to explore a potential bid for Warner Bros. Discovery.

deadline.com

Netflix: "You know that thing you did with Skydance and Paramount? Do it for us!"

 

[UssGlenn]

I don't know how reliable The Daily Beast is as a news source, however, according to an article on their website, the majority of the 2000+ employees scheduled to be laid off in the coming weeks are people of color.

I'm not even sure how you would get that information at this stage. Also, I can't find an the article that says that.

 

[Turtletrekker]

Paramount’s No Good Very Bad Week

Top talent jumping ship, massive layoffs, Warner Bros. rejecting an acquisition bid, a messy shakeup at CBS News. David Ellison's golden age for Paramount has sailed into some choppy waters.

www.hollywoodreporter.com

Layoffs hit CBS News and Paramount as David Ellison’s cost-cutting plan takes effect - Poynter

Roughly 1,000 staffers were laid off Wednesday, part of a broader effort to trim more than $2 billion in expenses

www.poynter.org

 

[oktay]

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[DarrenTR1970]

Maurice DuBois, co anchor of the CBS Evening News, has announced he's leaving the post Dec. 18, along with co anchor John Dickerson, who had previously announced his departure.
No replacement has been announced.

 

[137th Gebirg]

"Regime". So dramatic!

 

[Santa Kang]

"Regime". So dramatic!

Fairly common term in the context its being used.

 

[Danja]

If Paramount is bringing back Brett Ratner, why wouldn't they keep Alex Kurtzman? (Especially after shepherding four Star Trek series to successful conclusions -- Disco, Lower Decks, Picard, and Strange New Worlds).

 

[Dukhat]

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The Ferris Bueller thing was in development hell for years. Good riddance.

 

[Divinity Davey]

Looks like Skydance's complaint about the WB/Netflix deal not being conducted fairly has paid off ...
(called it)

Trump warns Netflix’s $83bn deal for Warner Bros poses competition concerns

Trump warns Netflix’s $83bn deal for Warner Bros poses competition concerns

President vows to get involved in controversial takeover described as ‘unprecedented’ by ex-chair of regulator

www.theguardian.com

Netflix is probably going to have to make a multimillion dollar 'donation' to the Convict Don Self-Improvement Fund to get the deal to go through.

 

[Char Kais]

Donald Trump Lashes Out At Paramount Owners In Rant About Marjorie Taylor Greene’s Appearance On ‘60 Minutes’

Donald Trump Lashes Out At Paramount Owners In Rant About Marjorie Taylor Greene’s Appearance On ‘60 Minutes’

Trump took to Truth Social to call the new ownership no better than the old.

deadline.com

Donald Trump said that the Ellison-owned Paramount is “no better than the old ownership”

 

[UssGlenn]

The Gloves Are Off: Wall Street Games Out Paramount’s Hostile Warner Bros. Bid

"At minimum, it’s far from a slam dunk," said one analyst before David Ellison touted value, speed and safety of his bid. But another expert says “it's very hard to argue that Netflix’s offer is better.”

www.hollywoodreporter.com

Now that Paramount has launched a Hostile Takeover, I wonder if Trump's new 60 minutes complaint is a strategic injury to allow another out of court bribe...I mean settlement, so he will side with Paramount in the bid. If he hasn't filed a lawsuit yet, but it's early.