Warner Bros. Discovery
Union leadership alleges the historic entertainment takeover violates federal laws and creates an industry-monopolizing mega-buyer.
The massive $110 billion USD entertainment consolidation faces a major legal challenge led by California and New York.
The landmark regulatory clearance cements the Ellison family’s control over the American media landscape.
Despite the premature cancellation of HBO’s beloved sci-fi series, the iconic 1973 Michael Crichton film is getting a fresh theatrical reimagining.
Industry heavyweights including Joaquin Phoenix, Ben Stiller, Kristen Stewart, and Denis Villeneuve rally against the proposed media consolidation.
As Hollywood consolidates into a risk-averse oligopoly, independent studios become the final refuge for daring, original cinema.
The monumental media merger ends a high-stakes bidding war after Netflix officially bowed out of the race.
Executives conclude the merger would be too costly and complex.
Paramount is seeking the specific financial information of the $82.7 billion USD Netflix merger, while WBD called the lawsuit “meritless.”
Asserts WBD remains committed to its Netflix merger megadeal.
Paramount’s deal is underpinned by a $24 billion USD funding that sees contributions from audi Arabia, Qatar and Abu Dhabi as well as Jared Kushner’s Affinity Partners.
WBD has agreed to sell its studio and HBO Max streaming business to Netflix.
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