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Paramount started the bidding war, Netflix ended it. That is, if its $82 billion deal to buy Warner Bros. goes through. Listen to Lucas Shaw and David Gura on the Big Take podcast

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The Netflix-Warner Bros. $82 billion deal is "the stupidest deal", according to Martin Peers. "This is such a stupid deal, I'm even beginning to wonder whether Netflix knows this deal will not get through, but they are just trying to screw up Paramount and delay Paramount's ability to actually buy Warner.” Full episode:
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The Netflix-Warner Bros. $82 billion deal is "the stupidest deal", according to Martin Peers. "This is such a stupid deal, I'm even beginning to wonder whether Netflix knows this deal will not get through, but they are just trying to screw up Paramount and delay Paramount's ability to actually buy Warner.” Full episode:

The Information

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Paramount has struck a $110bn deal to buy Warner Bros Discovery after Netflix walked away from the bidding war. Paramount, which is led by billionaire Larry Ellison's son, David, has deep political connections to Donald Trump's administration. #SkyNews
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Paramount has struck a $110bn deal to buy Warner Bros Discovery after Netflix walked away from the bidding war. Paramount, which is led by billionaire Larry Ellison's son, David, has deep political connections to Donald Trump's administration. #SkyNews

Sky News

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Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance to clinch its $111 billion deal for the historic Hollywood studio
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Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance to clinch its $111 billion deal for the historic Hollywood studio

Bloomberg TV

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Today on the Big Take podcast, Lucas Shaw and chrispalmeri join Sarah Holder to discuss Paramount’s successful bid for Warner Bros. and what it means for the future of Hollywood
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Today on the Big Take podcast, Lucas Shaw and chrispalmeri join Sarah Holder to discuss Paramount’s successful bid for Warner Bros. and what it means for the future of Hollywood

Bloomberg

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'Paramount suddenly is in a much stronger position to take over CNN and the rest of the Warner Bros. Discovery company, which includes HBO and the Warner Bros. movie studio and all those other assets.' CNN's Brian Stelter on the impact of Netflix declining to raise its offer to buy Warner Bros.
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'Paramount suddenly is in a much stronger position to take over CNN and the rest of the Warner Bros. Discovery company, which includes HBO and the Warner Bros. movie studio and all those other assets.' CNN's Brian Stelter on the impact of Netflix declining to raise its offer to buy Warner Bros.

The Lead CNN

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US correspondents Mark Stone and @MarthaKelner discuss President Donald Trump's potential interest in the bidding war between Paramount and Netflix over Warner Bros. 🎧 Listen to Trump 100 in full ➡️
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US correspondents Mark Stone and @MarthaKelner discuss President Donald Trump's potential interest in the bidding war between Paramount and Netflix over Warner Bros. 🎧 Listen to Trump 100 in full ➡️

Sky News

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Netflix has struck a nearly $83 billion deal to acquire Warner Bros., beating out Paramount and Comcast after a bidding war. If finalized, it would unite the world’s largest streamer with one of Hollywood’s oldest studios. The move raises big questions about the future of theatrical releases and serious concerns about market concentration. Geoff Bennett speaks to Matthew Belloni for more.
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Netflix has struck a nearly $83 billion deal to acquire Warner Bros., beating out Paramount and Comcast after a bidding war. If finalized, it would unite the world’s largest streamer with one of Hollywood’s oldest studios. The move raises big questions about the future of theatrical releases and serious concerns about market concentration. Geoff Bennett speaks to Matthew Belloni for more.

PBS News

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“When companies at this level — in this industry — merge, it is bad for everyone. And I literally mean everyone.” —Mike Schur on the Netflix vs. Paramount bidding war for Warner Bros.
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“When companies at this level — in this industry — merge, it is bad for everyone. And I literally mean everyone.” —Mike Schur on the Netflix vs. Paramount bidding war for Warner Bros.

Pablo Torre Finds Out

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Netflix struck a deal Friday to buy Warner Bros. Discovery in a $72 billion deal that would bring together two of the biggest players in television and film.
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Netflix struck a deal Friday to buy Warner Bros. Discovery in a $72 billion deal that would bring together two of the biggest players in television and film.

The Associated Press

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This weekend several parties are gearing up to bid on Warner Brothers Discovery in a heated auction. This comes a full quarter century since I advised Aol in their $183 billion merger with Time Warner in the largest deal in history in 2000, a deal way ahead of its time and massively financially lopsided (in my client’s favor). Who will win the bidding for Warner Bros. – Comcast, Netflix, Skydance Paramount or a dark horse candidate? My bet is on Paramount because Comcast’s Brian Roberts is economically rational and Netflix doesn’t need it. Plus, Skydance’s David Ellison has both his dad’s cash and connections (Saudi money?) and the right political connections (Trump) to get the deal greenlit. Whoever wins the auction, one thing’s certain: the real winner is David Zaslav who bet big on a high-risk leveraged play when he convinced AT&T to merge Warner Bros. with Discovery in deal at one point had $48 billion of debt – a deal that panned out after all at a time when legacy media is in decline. Very Disco!
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This weekend several parties are gearing up to bid on Warner Brothers Discovery in a heated auction. This comes a full quarter century since I advised Aol in their $183 billion merger with Time Warner in the largest deal in history in 2000, a deal way ahead of its time and massively financially lopsided (in my client’s favor). Who will win the bidding for Warner Bros. – Comcast, Netflix, Skydance Paramount or a dark horse candidate? My bet is on Paramount because Comcast’s Brian Roberts is economically rational and Netflix doesn’t need it. Plus, Skydance’s David Ellison has both his dad’s cash and connections (Saudi money?) and the right political connections (Trump) to get the deal greenlit. Whoever wins the auction, one thing’s certain: the real winner is David Zaslav who bet big on a high-risk leveraged play when he convinced AT&T to merge Warner Bros. with Discovery in deal at one point had $48 billion of debt – a deal that panned out after all at a time when legacy media is in decline. Very Disco!

Terence Kawaja

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In a stunning twist in one of Hollywood’s biggest bidding wars, Netflix is officially stepping aside in the battle for Warner Bros, clearing the path for David Ellison’s Paramount Skydance to take control of the fabled studio. #THRNews
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In a stunning twist in one of Hollywood’s biggest bidding wars, Netflix is officially stepping aside in the battle for Warner Bros, clearing the path for David Ellison’s Paramount Skydance to take control of the fabled studio. #THRNews

The Hollywood Reporter

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The Albanian Army Just Took Over the World as Netflix Wins Warner Bros Bidding War $NFLX $WBD 🇦🇱 Warner Bros. Discovery Netflix
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The Albanian Army Just Took Over the World as Netflix Wins Warner Bros Bidding War $NFLX $WBD 🇦🇱 Warner Bros. Discovery Netflix

Rich Greenfield, LightShed 🔦

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Jason Blum says the Paramount–Warner Bros. merger is “not surprising" and that David Ellison will “take very good care of Warner Bros.” #PGAAwards
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Jason Blum says the Paramount–Warner Bros. merger is “not surprising" and that David Ellison will “take very good care of Warner Bros.” #PGAAwards

Variety

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Netflix Chief Ted Sarandos chats to Deadline on the #BAFTAs red carpet about the Warner Bros. Discovery deal and tells us his message to Paramount: “Put a better deal on the table”
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Netflix Chief Ted Sarandos chats to Deadline on the #BAFTAs red carpet about the Warner Bros. Discovery deal and tells us his message to Paramount: “Put a better deal on the table”

Deadline

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"Our deal basically provides a significant amount of synergies in sports rights that will be able to protect those linear properties." - Paramount Skydance CEO David Ellison on why his hostile takeover offer for Warner Bros. Discovery is superior to the Netflix deal
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"Our deal basically provides a significant amount of synergies in sports rights that will be able to protect those linear properties." - Paramount Skydance CEO David Ellison on why his hostile takeover offer for Warner Bros. Discovery is superior to the Netflix deal

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Another show the Obamas launched on Netflix is called “We The People”, which encourages young people to protest Trump through BLM. Is Big Mike using the Warner Bros-Netflix deal to prepare their 2028 shock troops?
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Netflix just shocked the entertainment industry by announcing an 83 billion-dollar deal to buy Warner Brothers and HBO. Netflix is buying almost everything Warner Brothers owns, except CNN. Basically, if Warner Brothers was an Edible Arrangement, CNN is the cantaloupe. #FallonTonight
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Netflix just shocked the entertainment industry by announcing an 83 billion-dollar deal to buy Warner Brothers and HBO. Netflix is buying almost everything Warner Brothers owns, except CNN. Basically, if Warner Brothers was an Edible Arrangement, CNN is the cantaloupe. #FallonTonight

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Did David Zaslav know he was going to win all along? David P. Samson and former ESPN president John Skipper join Pablo Torre 👀 to break down Paramount's hostile takeover attempt and the bidding war with Netflix for Warner Bros.
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"I guess we just don't even pretend that the government isn't corrupt anymore." JVL, Catherine Rampell and Sonny Bunch discuss how Jared Kushner and Trump allies are shaping the bidding war for Warner Bros. and why Paramount and Netflix are fighting over it.
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"I guess we just don't even pretend that the government isn't corrupt anymore." JVL, Catherine Rampell and Sonny Bunch discuss how Jared Kushner and Trump allies are shaping the bidding war for Warner Bros. and why Paramount and Netflix are fighting over it.

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