Netflix, with its 325 million subscribers, swears its potential (if not likely) acquisition of Warner Bros amounts to vertical integration.
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Netflix retains the ability to match any Paramount offer moving forward, and WBD shareholders won’t vote on either bid until April.
As a pure-play streamer that can’t fall back on, for instance, theme parks for its revenue, content is everything for Netflix.
The straight-to-shareholders pitch rests in part on the argument that a Paramount takeover is more appealing to regulators.
A potential tie-up would come at an interesting crossroads for the theatrical industry and its longtime nemesis, Netflix.
Warner Bros. Discovery entered the year stuck in media conglomerate mud, with its eponymous film studio in especially bad shape.
The longtime broadcast partner may soon be losing out on live games, but Warner Bros. Discovery won’t be completely sidelined by the NBA.
Just two years after the mega-merger that brought Warner Bros. and Discovery together, it’s discussing dramatic plans to break up.
After likely losing NBA rights, Warner Bros. Discovery scooped up the US broadcast rights to the French Open.
Activist investor Nelson Peltz has earned a huge win in his protracted battle of wills with Disney CEO Bob Iger.
The National Basketball Association is on a full-court press to secure its next round of broadcast rights.