Latest Updates Around The World
Netflix’s co-CEOs found themselves in an unusual position after the company’s latest earnings report: in the background.The streaming pioneer’s decision to pour nearly $83 billion into Warner Bros’ assets marks a significant departure from the company’s long-standing mantra: build, don’t buy. Investors still aren’t buying it.Shares were already under pressure before Netflix made a bid […]
Netflix has moved to an all-cash offer for Warner Bros. Discovery’s studio and streaming assets without raising its $82.7 billion price, in a bid to close the door on Paramount’s rival attempts to nab the Hollywood giant.The new cash offer – of $27.75 per share – has unanimous support from Warner Bros’ board, according to […]
Netflix spends billions of dollars on original scripted films and series like ‘Stranger Things’ and ‘KPop Demon Hunters’ [File] | Photo credit: REUTERS Netflix says it must acquire Warner Bros. Discovery to compete with YouTube, but antitrust experts doubt regulators will buy that argument. The streaming giant’s $72 billion acquisition of Warner Bros. Discovery’s studios […]
