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Teamsters Demand Real Commitments in Paramount-WBD Merger
business12 days ago

Teamsters Demand Real Commitments in Paramount-WBD Merger

Teamsters Local 399 is demanding concrete data on how the Paramount-WBD merger would benefit workers and domestic production, criticizing threats and vague promises as California's antitrust case moves toward a spring 2027 trial. The deal faces ticking fees for WBD shareholders, heavy debt, and regulatory hurdles, while the WGA joins the challenge and industry groups push for a fast resolution amid talk of Paramount relocating California productions.

via Deadline|
#antitrust#business#merger
Paramount Proposes 30-Film-Year Theater Pact Ahead of WBD Merger Ruling
business16 days ago

Paramount Proposes 30-Film-Year Theater Pact Ahead of WBD Merger Ruling

Paramount is reportedly pushing theater partners (with Regal and possibly AMC) to sign deals for about 30 films per year over three years, tied to a 45-day exclusive theatrical window and a 90-day streaming window. The moves aim to reassure exhibitors amid antitrust scrutiny of Paramount’s Warner Bros. Discovery merger, with penalties for breaches and potential consent decrees discussed. Cinema United opposes the merger, warning it could reduce film output and cost jobs. The antitrust case heads to trial in March 2027, and Paramount’s 2027–2028 film slate is cited alongside Warner Bros.’ figures in the discussion.

via Deadline|
#amc-theatres#business#paramount
Hollywood Megamerger Sidelines Projects as Lawsuit Drag Persists
business20 days ago

Hollywood Megamerger Sidelines Projects as Lawsuit Drag Persists

Paramount and Warner Bros. Discovery’s $111 billion merger remains in limbo as a multi-state antitrust lawsuit heads to trial in March, forcing a holding pattern that complicates show renewals, film budgets, and licensing deals while staff fear layoffs and creative deals slip into limbo; executives insist on business as usual, but deal terms and ongoing litigation threaten talent retention, project slates, and strategic planning, amplifying industry anxiety about megamergers and content output.

via The Hollywood Reporter|
#business#hollywood#layoffs
Ellison Argues CNN Is The Merger’s Real Obstacle, Promises 'Down The Middle' News
business21 days ago

Ellison Argues CNN Is The Merger’s Real Obstacle, Promises 'Down The Middle' News

Paramount CEO David Ellison writes in a New York Times op-ed that opposition to Paramount’s $110 billion merger with Warner Bros. Discovery is driven by CNN coverage rather than market-share concerns, and he pledges to run CNN independently and 'down the middle' as the deal remains paused pending a lawsuit; the Times piece comes as Paramount and WBD prepare quarterly results and a judge eyes a trial date for later this year or early 2027.

via Deadline|
#business#cnn#ellison
WBD Faces Big Q1 Hit from One-Time M&A Charges, Including $2.8B Termination Fee
business3 months ago

WBD Faces Big Q1 Hit from One-Time M&A Charges, Including $2.8B Termination Fee

Warner Bros. Discovery posted a $2.9 billion first‑quarter loss largely due to one‑time M&A charges, including a $2.8 billion termination fee Paramount paid Netflix to swap merger-board seats; executives say this should be a temporary accounting blip. Revenue slipped 3% to $8.9 billion, but HBO Max revenue rose about 7% and DTC ad revenue climbed 19%, with adjusted EBITDA flat at $2.2 billion. Net debt stood at $33.4 billion and free cash flow turned negative due to separation and transaction costs, as the company reiterates a potential merger close in Q3 and prepares for an earnings call.

via Deadline|
#business#ma-charges#q1-2026
Paramount-Skydance Deal Clears Another Hurdle as WBD Shareholders Vote
business4 months ago

Paramount-Skydance Deal Clears Another Hurdle as WBD Shareholders Vote

Warner Bros. Discovery shareholders approved a $31-per-share cash sale to David Ellison’s Paramount Skydance, a major step in a deal valued at about $81 billion in equity and $110 billion enterprise. CEO compensation tied to the merger was rejected by shareholders (non-binding). Pending regulatory approvals, the deal is expected to close in Q3 2026, with a 25-cent-a-share ticking fee if closing is delayed. The financing involves multi‑billion equity backing from the Ellison/RedBird group and $49 billion in debt commitments, and the merger faces antitrust scrutiny and industry pushback.

via Deadline|
#business#merger#paramount
Netflix Faces Downside Hurdles After Earnings, Analysts Warn of Slower Buybacks
market-news4 months ago

Netflix Faces Downside Hurdles After Earnings, Analysts Warn of Slower Buybacks

Netflix’s latest results drew criticism centered on capital allocation and guidance. Five-star Citi analyst Jason Bazinet warned the stock could move lower after its rally due to slower share repurchases ($1.3B in Q1 vs. a 2025 average of $2.3B), unchanged 2026 revenue guidance ($50.7–$51.7B) and a weaker Q2 outlook, with a 31.5% operating margin that suggests higher costs. Pivotal Research’s Jeff Wlodarczak says the stock looks fairly valued and future growth may depend more on price increases and advertising than on subscriber gains. The departure of longtime chairman Reed Hastings adds uncertainty. Still, analysts remain bullish overall with a Strong Buy consensus and an average target of about $115.42, signaling roughly 18% upside.

via TipRanks|
#bazinet#citi#market-news
Zaslav’s WBD-Paramount Merger Windfall Nears $900 Million
business5 months ago

Zaslav’s WBD-Paramount Merger Windfall Nears $900 Million

Deadline reports Warner Bros. Discovery CEO David Zaslav’s merger payout could top $700 million, potentially reaching about $886.8 million when including cash severance, unvested equity, perquisites, and a $334 million tax reimbursement; after adjustments (including $115.7 million in vested stock options) the minimum exit package is around $711.4 million, with the deal expected to close in Q3 2026 and ticking-fee provisions that could raise the total.

via Deadline|
#business#merger#paramount
Opposition grows as WBD-Paramount Skydance merger faces regulatory headwinds
business5 months ago

Opposition grows as WBD-Paramount Skydance merger faces regulatory headwinds

Warner Bros. Discovery's planned merger with Paramount Skydance is drawing early opposition from the International Brotherhood of Teamsters and California's attorney general, prompting scrutiny over worker protections, potential layoffs, and competitive impacts; despite this, Wall Street has a Hold rating on WBD with about 9.5% upside to a roughly $29.68 price target, and the stock edged lower as opposition coalesced.

via TipRanks|
#business#merger#paramount-skydance
Netflix Keeps Rising as Warner Deal Doubts Surface
business6 months ago

Netflix Keeps Rising as Warner Deal Doubts Surface

Netflix stock edged higher on continued speculation about a Warner Bros. Discovery deal, but analysts like Wedbush say the streamer doesn’t need the merger, noting Netflix’s healthy core business and growing ad revenue. A deal could expand content libraries and production reach, yet Netflix would likely survive if the merger stalls. Wall Street holds a Moderate Buy on NFLX with roughly 45% upside to a target around $114–$115. In other news, Netflix hosted Mexico’s first stop‑motion film, I Am Frankelda, signaling ongoing content expansion.

via TipRanks|
#business#netflix#nflx
Paramount Skydance Keeps Pressure on WBD as Stock Edges Down
business6 months ago

Paramount Skydance Keeps Pressure on WBD as Stock Edges Down

Paramount Skydance presses its bid to buy Warner Bros. Discovery, arguing competition would remain robust, while WBD shares dip modestly on the ongoing deal saga. Analysts still show a Moderate Buy consensus on WBD with an average price target around $25.80, implying limited upside from current levels amid regulatory scrutiny and competitive concerns surrounding Netflix.

via TipRanks|
#business#netflix#paramount-skydance
FCC Signals Competition Concerns as WBD Slips on Netflix Deal
markets7 months ago

FCC Signals Competition Concerns as WBD Slips on Netflix Deal

Brendan Carr of the FCC says there are legitimate competition concerns over Netflix’s proposed deal with Warner Bros. Discovery, helping push WBD shares down modestly as investors weigh potential regulatory involvement; the FCC would have jurisdiction in a Paramount–Warner bid, but not in the Netflix–WBD deal. Meanwhile, Netflix and Paramount have traded barbs over terms, and Wall Street remains cautiously positive on WBD with a Moderate Buy consensus and an average target around $25.61, implying some downside from the year’s rally.

via TipRanks|
#fcc#markets#nflx
Netflix Surpasses 325 Million Subscribers Amid Warner Deal Scrutiny
business7 months ago

Netflix Surpasses 325 Million Subscribers Amid Warner Deal Scrutiny

Netflix quietly surpassed 325 million paid subscribers, a milestone that boosted NFLX shares even as the company plans to stop reporting subscriber figures; the milestone comes as European regulators scrutinize Netflix’s Warner Bros. Discovery deal, with Paramount Skydance signaling potential pushback, while analysts still rate NFLX as a Moderate Buy with upside around 35% to a $116.42 target.

via TipRanks|
#amzn#business#europe