Paramount vs Netflix for Warner Bros.
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Since Netflix's deal was confirmed last Friday (December 5), Paramount has since launched a cash bid of $100 billion, with the studio stating that Warner Bros. Discovery "never engaged meaningfully" with their previous attempts to negotiate a deal.
Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.
On today's 'Daily Variety' podcast, unions and industry groups assemble to fight Netflix's WB-HBO acquisition; Report from the Red Sea Film Festival.