Paramount vs Netflix for Warner Bros.
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Paramount chief executive met with investors in New York to push his hostile bid for the Hollywood studio group
The move comes as the Supreme Court also appears poised to put antitrust enforcement by the Federal Trade Commission under his control.
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.
The high-stakes battle to buy all or part of Warner Bros. Discovery goes on. But who needs it more to thrive in the future: Netflix or Paramount Skydance. Some thoughts
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.
David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.