Netflix, WBD
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Paramount is considering taking an offer straight to WBD shareholders, believing its deal has a better chance of gaining regulatory approval, sources told CNBC.
How does Tony Khan feel about the home of WWE RAW being the winning bidder to eventually purchase Warner Bros. Discovery? All Elite Wrestling President Tony Khan recently took part in the ROH Final Battle Media Scrum.
Things got off to a hot start this week, with the cold open's announcer noting at the top of the segment, "You're watching C-SPAN. Hey, Netflix, we're for sale, too," in reference to Netflix's new deal to buy Warner Bros.
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Paramount questions ‘fairness and adequacy’ of WBD auction process after reports Netflix may win
Netflix has made a mostly cash offer to purchase the Warner Bros. studio and HBO Max, while Paramount has submitted an all-cash bid for the entire company, The Post previously reported.
Bloomberg reports Warner Bros. Discovery ( WBD 0.12%) has entered exclusive talks with Netflix ( NFLX 0.71%) to sell the film, TV studio and streaming divisions, with a deal possible within days. The former's shares slipped over 1% in pre-market trading, while Netflix stock edged down around 0.5%.
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SAG-AFTRA Says Netflix’s WBD Deal ‘Raises Many Serious Questions,’ Must Lead to More Production
“A deal that is in the interest of SAG-AFTRA members and all other workers in the entertainment industry must result in more creation and more production, not less,” the actors’ union’s statement read. “It must do so in an environment of respect for the talent involved.”
Netflix is reportedly leading the race to acquire WBD assets. Jonathan Kanter says NFLX's proposal will face intense regulatory scrutiny.
Acquisition announced on Friday puts $83bn price tag on company’s studio and streaming businesses, including debt