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fromThe Atlantic
4 hours ago

Netflix Just Avoided a Huge Headache

The company has built up huge profits and a gigantic market share partly by avoiding businesses such as movie theaters, cable television, and 24-hour news channels. Why would it suddenly be interested in them? We may never know what Netflix had planned to do with Warner Bros. Discovery, a conglomeration that houses movie-production companies, HBO, DC Comics, CNN, and various other cable properties, such as Discovery Channel.
Media industry
Media industry
fromwww.mediaite.com
5 hours ago

No One is Happy': CNN Staffers Reportedly Devastated' by WBD-Paramount Deal

CNN staff express devastation over Warner Bros. Discovery's decision to pursue a merger with Paramount Skydance instead of Netflix, fearing potential threats to editorial independence and newsroom autonomy.
Media industry
fromArs Technica
11 hours ago

Netflix cedes Warner Bros. Discovery to Paramount: "No longer financially attractive"

Netflix withdrew from acquiring Warner Bros. Discovery after determining Paramount's revised offer made the deal financially unattractive at the required matching price.
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