Warner Bros

Paramount to sign contract with theatre chains guaranteeing 30 films/year

Paramount Skydance has offered AMC and Regal three-year deals to guarantee 30 theatrical releases a year if its $110 billion Warner Bros deal goes through

Warner Bros' misses revenue targets on soft ad sales, weak box-office

Warner Bros Discovery missed Q2 revenue estimates as weak box office and the loss of NBA broadcasts hit studio and advertising sales despite optimism over its Paramount deal

How Warner's streaming gamble sent Christopher Nolan into Universal's arms

Warner Bros' 2021 streaming strategy ended its long partnership with Christopher Nolan. Universal offered a cinema-first approach, leading to the success of Oppenheimer and The Odyssey

Why is Warner Bros taking Amazon to court over one executive hire?

Amazon is facing a lawsuit from Warner Bros. Discovery over the hiring of a senior executive. Here's what the legal battle is about

Paramount delays $81 bn Warner Bros. Discovery buyout amid court challenge

Paramount on Friday agreed to delay closing its USD 81 billion buyout of Warner Bros Discovery well into next year, as a judge continues to consider a challenge from 12 states seeking to block the deal altogether. In a court filing, Paramount said it wouldn't close the merger until either a court ruling is made on the merits of the states' lawsuit or June 1, 2027. The move arrives just days after US District Judge Araceli Martinez-Olguin granted a temporary restraining order to freeze the transaction for several weeks, ruling that the states had raised some "serious questions" and a strong case about the merger's potential to "substantially lessen competition." Paramount called Friday's agreement a "significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence." The company, which was bought by Skydance just last year, added that this was the "fastest and clearest way" to prove its merger was good for competition an

Federal judge halts Paramount and Warner merger for at least two weeks

A federal judge on Monday ordered Paramount and Warner Bros Discovery to halt their USD 81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court. Twelve states, led by California, sued to block Paramount's pending buyout of Warner last week - alleging that such a combination would "extinguish competition" in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers across the US. The states' top prosecutors called on Warner and Paramount to not close the transaction until after a court had time to "fully evaluate" their claims. And when the companies refused, they filed for a temporary restraining order - which is what District Judge Araceli Martinez-Olguin granted on Monday. That opens the door to a potential preliminary injunction that the states are also seeking to effectively block the deal.

Oregon withdraws legal challenge to delay Paramount-Warner Bros. deal

Oregon's AG has withdrawn a court motion seeking to delay Paramount's $110 bn acquisition of Warner Bros, saying the state is considering its next steps after a dispute over access to company records

US Justice Department approves Paramount's acquisition of Warner Bros.

DOJ said it reviewed more than 2 million documents obtained from 80 sources in evaluating the deal's impact on various segments of the entertainment industry

Paramount Skydance to face legal challenge from states on Warner deal

Most of the states that have been weighing the lawsuit are led by Democratic attorneys general although at least two Republican attorney generals are involved in the probe

US regulators poised to approve Paramount's takeover of Warner Bros

The Department of Justice staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent

Netflix approves $25 billion share buyback, stock rises in premarket

Shares of the streaming giant rose 1.5 per cent in premarket trading

Paramount in talks to secure $24 bn funds from Gulf for Warner takeover

The merger would combine major studios and networks such as CNN and CBS, enabling them to compete more aggressively as streaming draws audiences away from traditional linear TV

Paramount-Warner deal promises to shake up the streaming landscape

Netflix and YouTube have sat comfortably in the lead, competing head to head for the biggest share of viewing time in living rooms around the world

Paramount's debt to hit $79 billion on $110 billion Warner Bros deal

Takeover likely to get FCC backing

Paramount's Ellison used deep pockets, political links to buy Warner Bros

The dramatic turnaround positions Paramount to acquire Warner Bros in a $110 billion deal, making the Ellison family owners of one of the world's largest entertainment empires

Netflix walks away from Warner Bros deal, clears path for Paramount

Netflix is declining to raise its offer to buy Warner Bros Discovery's studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over the fellow storied Hollywood giant. On Thursday, after Warner's board announced that Skydance-owned Paramount's offer was superior to the agreement it had previously struck with Netflix, the streaming giant said that at the price that would be required to buy Warner, a deal was "no longer financially attractive." Unlike Netflix's bid, Paramount wants all of Warner's operations, including networks like CNN and Discovery. That would put CNN under the same roof as Paramount's CBS and combine two of Hollywood's last five remaining studios. Warner Bros Discovery has determined that Paramount's latest takeover offer is superior to the streaming and studio agreement it struck with Netflix, marking a stark shift in momentum in the fight for the storied Hollywood giant. The owner of HBO Max, DC Studios and popular

Paramount raises bid for Warner Bros, intensifies Hollywood takeover battle

The fight for Warner Bros. is one of the biggest media deals in years and whichever company wins, it will likely have great influence on the entertainment industry going forward

DOJ probes Netflix's power over filmmakers in Warner Bros deal review

DOJ broadens review of Netflix's $72 billion Warner deal, probing potential monopoly power and leverage over filmmakers under US antitrust laws

US Justice department probes Warner Bros. sale's impact on theatres

Although the chief focus of the review is likely to be Netflix Inc.'s dominance in the streaming business, the release of Warner Bros. films in theaters has become a concern as well

Warner Bros reopens takeover talks with Paramount after waiver from Netflix

Warner Bros Discovery is briefly reopening takeover talks with Skydance-owned Paramount to hear the company's "best and final" offer, while the Hollywood giant continues to back the studio and streaming deal it struck with Netflix. In a Tuesday regulatory filing, Warner said it had received a waiver from Netflix to reopen talks with Paramount for the next seven days, or until Monday. Warner said this will allow the companies to discuss unresolved "deficiencies" and "clarify certain terms" of Paramount's latest bid. But in the meantime, Warner's board is still recommending shareholders support of its proposed merger with Netflix. A special meeting is now scheduled for Friday, March 20 to hold a vote on that deal. In a statement, Netflix said it was confident that its proposed transaction "provides superior value and certainty" - but recognised "the ongoing distraction for WBD stockholders and the broader entertainment industry caused by PSKY's antics." The streaming giant noted it ha