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Letterboxd Attracts Potential Buyers, Including Netflix and Paramount
business1 day ago

Letterboxd Attracts Potential Buyers, Including Netflix and Paramount

Letterboxd, the film-review social network with more than 30 million members, is reportedly up for sale, with majority owner Tiny and banker LionTree in talks with Netflix, Sony Pictures Entertainment, Paramount Skydance and others; a $250 million valuation has circulated, though no confirmations have been made. The process could raise conflicts given buyers’ interests in their own catalogs, and there have been no official comments from Letterboxd or the prospective buyers.

via Variety|
#business#letterboxd#netflix
Paula Reid Poised to Join MS NOW After CNN Exit
business10 days ago

Paula Reid Poised to Join MS NOW After CNN Exit

Variety reports Paula Reid, CNN’s chief legal affairs correspondent, is expected to move to MS NOW after declining a renewal as CNN’s future remains uncertain amid Warner Bros. Discovery’s Paramount Skydance takeover talks; MS NOW reportedly pledges stronger hard-news coverage under Rebecca Kutler, while CNN and Reid’s representatives declined to comment.

via Variety|
#business#cnn#ms-now
Britain Signals Intervention in Paramount-Skydance-Warner Merger
business11 days ago

Britain Signals Intervention in Paramount-Skydance-Warner Merger

Britain is poised to intervene in Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery after Culture Secretary Lisa Nandy indicated she is minded to intervene, citing concerns about media plurality and on-demand consolidation; parties have until July 6 to respond, and a formal action could follow. The merged group would own Channel 5, TNT Sports, Cartoon Network, Nickelodeon, CNN International, Paramount+, and HBO Max. Paramount has U.K./EU approvals pending, the U.S. DOJ has cleared the deal, and while some U.S. state governments may sue to block it, Paramount expects to close by early fall with a ticking fee if not.

via The Hollywood Reporter|
#business#media-plurality#paramount-skydance
UK Signals Possible Intervention in Paramount-Warner Bros. Takeover Over Media Plurality
business12 days ago

UK Signals Possible Intervention in Paramount-Warner Bros. Takeover Over Media Plurality

The British government signaled it is likely to intervene in Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery on media-plurality grounds, with the culture secretary informing Parliament that she is minded to intervene. If pursued, Ofcom would assess public-interest considerations and the CMA would review competition, potentially prompting remedies (such as ending the UIP distribution JV). The move follows approvals in other jurisdictions and could affect the deal’s timeline.

via Variety|
#business#cma#media-plurality
DOJ clears Paramount-Skydance's Warner Bros. Discovery takeover, citing competition safeguards
business29 days ago

DOJ clears Paramount-Skydance's Warner Bros. Discovery takeover, citing competition safeguards

The U.S. Department of Justice cleared Paramount Skydance's $111‑billion takeover of Warner Bros. Discovery, saying the merger is not likely to harm competition or consumers; regulators noted streaming, linear TV, and production markets would remain competitive and that the deal could be pro‑competitive, with a September closing target, though Europe/UK reviews and potential state challenges could still influence the outcome.

via Yahoo Finance|
#antitrust#business#department-of-justice
DOJ approves Paramount-Skydance bid to acquire Warner Bros Discovery
business29 days ago

DOJ approves Paramount-Skydance bid to acquire Warner Bros Discovery

The U.S. Department of Justice approved Paramount Skydance's $110 billion bid to buy Warner Bros. Discovery after an eight-month review, saying the merger would boost competition across streaming, TV, and content production and would bring CBS News and CNN under a single umbrella; regulators in Britain, Europe, and several U.S. states keep scrutinizing the deal, leaving potential challenges ahead.

via The Washington Post|
#antitrust#business#cnn
US DOJ Clears $111B Paramount-Warner Merger, Sparking Global Scrutiny
business29 days ago

US DOJ Clears $111B Paramount-Warner Merger, Sparking Global Scrutiny

After an eight-month review, the DOJ approves the $111 billion Paramount Skydance–Warner Bros Discovery merger, saying it is unlikely to harm competition in streaming, TV, or film. Regulators in the UK and Australia are still scrutinizing the deal, and concerns about newsroom independence, potential job cuts, and possible state attorney general challenges remain.

via The Guardian|
#antitrust#business#department-of-justice
DOJ Clears Paramount Skydance-Warner Bros. Discovery Mega-Merger
business29 days ago

DOJ Clears Paramount Skydance-Warner Bros. Discovery Mega-Merger

The U.S. Department of Justice approved Paramount Skydance’s $110 billion merger with Warner Bros. Discovery after an eight-month review, finding the deal unlikely to harm competition or consumers. The probe involved millions of documents and input from third parties, though the merger faces potential challenges from state attorneys general and ongoing regulatory scrutiny in Europe amid concerns about industry consolidation.

via NBC News|
#business#competition#department-of-justice
EU weighs Paramount-Warner deal as Gulf wealth funds back $24B stake
business1 month ago

EU weighs Paramount-Warner deal as Gulf wealth funds back $24B stake

EU regulators are weighing Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery after three Gulf sovereign wealth funds—Saudi Arabia’s Public Investment Fund, Abu Dhabi’s LIMAD Holding, and Qatar Investment Authority—back roughly $24 billion of the deal, triggering a review under the EU’s Foreign Subsidies Regulation with a decision due by Sunday. The move adds to separate investigations in California, the U.K., and U.S. DOJ clearance requirements, while Hollywood professionals warn the merger could further consolidate the media landscape.

via NBC News|
#antitrust-review#business#eu-competition
Australia Clears Paramount Skydance–Warner Bros. Merger
business1 month ago

Australia Clears Paramount Skydance–Warner Bros. Merger

Australia’s ACCC cleared Paramount Skydance’s proposed takeover of Warner Bros. Discovery for Australia and New Zealand, saying the merger is unlikely to substantially lessen competition in wholesale film supply; New Zealand’s regulator said it does not intend to review the deal further, while the UK CMA may still probe in Phase 2, and the merger has already received approvals from several other jurisdictions with a 14‑day waiting period in Australia ending June 23, 2026.

via The Hollywood Reporter|
#australia#business#merger-clearance
Paramount accuses Netflix of waging a regulatory scare campaign over Warner Bros. deal
business1 month ago

Paramount accuses Netflix of waging a regulatory scare campaign over Warner Bros. deal

Paramount Skydance accuses Netflix of leading a 'scorched-earth' effort to derail its $110 billion merger with Warner Bros. Discovery, including attempts to sway regulators and other stakeholders. Netflix denies the charges, saying regulators should decide the deal, which is under DOJ review and faces scrutiny from California and UK authorities. The dispute has drawn in labor groups and industry figures arguing about production, jobs and consolidation in Hollywood.

via NBC News|
#business#merger#netflix
Paramount Seeks a Business Leader to Back Bari Weiss at CBS News
business1 month ago

Paramount Seeks a Business Leader to Back Bari Weiss at CBS News

Paramount Skydance is seeking a business executive to work with Bari Weiss, CBS News’ editor-in-chief, as she faces internal scrutiny after a sweeping 60 Minutes overhaul. The role would be business-focused with limited editorial authority beyond Weiss, and talks have been underway for weeks. The move comes amid Weiss’s leadership tensions and Paramount’s Warner Bros. Discovery deal, with CBS News declining to comment; Weiss’s relatively limited TV-ops experience is cited as a hurdle in winning staff and advertisers.

via Variety|
#bari-weiss#business#cbs-news
business1 month ago

Paramount-Skydance Pushes Back at Netflix in Warner Bros. Deal Battle

Paramount Skydance accuses Netflix of waging a scorched-earth campaign to derail Paramount’s planned $111 billion acquisition of Warner Bros. Discovery, in a DOJ letter that pushes back against labor concerns raised by the Teamsters. Paramount argues the deal would create more work for Hollywood unions and help it compete with Netflix and other streamers, citing increased production and investment. Netflix did not respond, and the Teamsters have urged regulators to block the deal unless safeguards are put in place. The antitrust review continues amid related scrutiny from California’s attorney general, with Paramount forecasting significant synergies and production growth as part of the merged entity.

via Politico|
#antitrust#business#netflix
Pelley Pushes Paramount to Replace Bari Weiss as CBS News Turmoil Deepens
media1 month ago

Pelley Pushes Paramount to Replace Bari Weiss as CBS News Turmoil Deepens

Former ’60 Minutes’ host Scott Pelley told The New York Times that Paramount should remove Bari Weiss as CBS News chief, arguing Weiss’s inexperience with television and perceived political bias have undermined CBS News. Pelley, who was fired last week after a clash with Weiss‑appointed editor Nick Bilton, described a leadership upheaval that has left the news division in turmoil and urged a return to television‑savvy leadership, while CBS News defended Weiss’s editorial role and emphasized collaboration as it navigates the changes.

via Variety|
#60-minutes#bari-weiss#cbs-news