Paramount is turning up the pressure on Warner Bros. Discovery in the wake of its merger with Netflix, as it's now suing the David Zaslav-helmed company in an attempt to get more details surrounding the agreement. In addition to the lawsuit, Paramount CEO David Ellison revealed that the company plans to nominate directors to WBD's board to vote against its deal with Netflix.
Paramount filed a lawsuit against Warner Bros Discovery on Monday, suing for disclosures and preparing a proxy fight as it seeks to derail the media group's proposed sale of its studio and streaming assets to Netflix. Filed in Delaware Chancery Court, the lawsuit asks the court to compel WBD to provide disclosure to enable WBD shareholders to make informed decision on tendering their shares before its offer expires on January 21.
"Our vision has always been to enable avatars and identities to travel across many games and virtual worlds," Ready Player Me CEO Timmu Toke said in a statement. "We've been on an independent path to make that vision a reality for a long time. I'm now very excited for the Ready Player Me team to join Netflix to scale our tech and expertise to a global audience and contribute to the exciting vision Netflix has for gaming."
A baby was born in a Waymo this week, and it wasn't even the first one. What started as a novelty story quickly became a reminder of how autonomous vehicles have quietly become part of everyday life, complete with all the messiness that entails. The real coming-of-age story this week, however, wasn't happening in San Francisco's robotaxis. It was playing out in Hollywood, where Netflix made an $82 billion bid to acquire Warner Bros. Discovery's streaming and studio business.
"We should not be reducing theatrical windows, we should be expanding. This is how the filmmaker wants you to see his film, and everybody else can wait for it. I don't care what happens. When you're going directly to streaming, it diminishes the importance of a film. The theatrical experience elevates the importance. The way you present it to the world is a very important thing."
Netflix Inc. has won the heated takeover battle for Warner Bros. Discovery Inc. Now it must convince global antitrust regulators that the deal won't give it an illegal advantage in the streaming market. The $72 billion tie-up joins the world's dominant paid streaming service with one of Hollywood's most iconic movie studios. It would reshape the market for online video content by combining the No. 1 streaming player with the No. 4 service HBO Max and its blockbuster hits such as Game Of Thrones, Friends,
