"The Hollywood bidding war between Paramount Skydance and Netflix has created a meme frenzy. The two media giants are in an all-out battle for Warner Bros. Discovery after it accepted Netflix's offer to acquire its studio and streaming businesses for an equity value of $72 billion. David Ellison's Paramount launched a hostile $30-per-share bid for all of WBD on Monday."
"Although internet comedians don't have a say in where the deals land, it hasn't stopped them from weighing in with viral jokes about the dueling companies and their quest to acquire WBD. Some social media users are poking fun at the back-and-forth with memes about how far each company is willing to go to gain WBD's favor. One post compared the battle for the best offer to a scene from the HBO business drama "Succession," a title Netflix would own if the deal goes through."
"The Instagram meme account Litquidity used parody images that appeared to be AI-created of two business leaders speaking at the DealBook Summit to mock how each company is trying to prove its offer is better. Some people seem to be using humor to cope with the idea of more consolidation in Hollywood. They are pushing back on both offers with memes about stopping the looming acquisition completely."
Paramount Skydance and Netflix are engaged in a high-stakes bidding war to acquire Warner Bros. Discovery after WBD accepted Netflix's offer valuing its studio and streaming businesses at $72 billion. Paramount countered with a hostile $30-per-share bid. Warner Bros. Discovery controls major assets including Warner Bros. studio, HBO, HBO Max, CNN, TNT, and TruTV. Social-media users have flooded platforms with memes mocking the duel and the tactics each suitor uses to justify its bid. Some memes express resistance to further consolidation. The merger could affect streaming prices, content output, and entertainment industry jobs.
Read at Business Insider
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