When Paramount CEO David Ellison wanted to throw a Washington dinner party last month "honoring the Trump White House," he got a helping hand from Katie Miller, the MAGA podcaster and onetime White House strategist. She sent follow-up invites to top Trump aides to encourage attendance for the "intimate gathering" at the U.S. Institute of Peace ahead of the White House Correspondents' Dinner on April 25.
As we said, we do plan to put the two services together, which today gives us a little over 200 million direct to consumer subscribers. We do plan for that to be able to operate with independence, so that HBO can, candidly, do what it does incredibly well.
We believe we would have been strong stewards of Warner Bros.' iconic brands. But this transaction was always a 'nice to have' at the right price, not a 'must have' at any price. Netflix's co-CEOs Ted Sarandos and Greg Peters explained their decision to withdraw, emphasizing that while they valued the opportunity, the financial terms no longer justified proceeding with the acquisition.
An experienced Paramount staffer briefed on the change described it as "more strategic than financial," saying that consolidating Simon's position into Phillips' was done to "remove duplication." A second employee characterized the move as being done to "streamline processes" and make "Paramount easier to work with." A third Paramount insider familiar with the company's thinking said there were a few "targeted changes" on the personnel front in Paramount Advertising, "focused on reducing complexity."
Paramount executives are brainstorming several ways to make their namesake streamer more competitive, including a short-form video feed, a sports multiview feature, and free content, according to an internal presentation viewed by Business Insider. The presentation was sent by Dan Reich, the Paramount+ head of global product and design, to Dane Glasgow, Paramount's chief product officer, via email in mid-January.
Paramount was criticized for settling a $16 million voter interference lawsuit filed by President Trump. The FCC approved its Skydance deal shortly after. Critics also accused the company of capitulating to President Trump after he suggested he brokered a "side deal" with Skydance executives for millions of dollars in public service announcements supporting conservative causes. Paramount denied its settlement included PSAs.
You're probably (unfortunately) at least vaguely familiar with some pretty infamous serial killers in the U.S., like Ted Bundy and Jeffrey Dahmer. However, you may never have heard of Stephen Morin, even though his suspected crimes rival both Bundy's and Dahmer's in number. And although none of these pieces of sh*t deserve to be immortalized, what makes Fear Not unique is that it tells Morin's story through the lens of a survivor's lived experience.
Netflix and Paramount are vying for Warner Bros., which has already had enough suitors - and failed marriages - to rival Hollywood star Elizabeth Taylor. On today's podcast, we look at the streaming TV chessboard to make sense of what those two massive players bring to the table for Warner Bros. What would a combined ad offering look like for each deal?
