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9:50 AM ET, December 5, 2025

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 Top News: 
Daniel Thomas / Financial Times:
Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, set to close after WBD splits into two companies in Q3 2026  —  Deal will transform US tech company into the dominant player in Hollywood  —  Netflix has agreed an $83bn takeover of Warner Bros Discovery …
Discussion: CNN, NPR, TVNewsCheck, The Wrap, TechCrunch, Screen Rant, IndieWire, Netflix, Inc., Daily Mail, Reuters, Awful Announcing, Variety, The Guardian, New York Times, Irish Examiner, E! Online, Proactive, LAist, Deadline, CNET, AppleInsider, PocketGamer.biz, KUSA-TV, Entertainment Weekly, Dow Jones Newswires, Times of India, Advanced Television, The Standard, Forbes, Pulse 2.0, Washington Examiner, Shelly Palmer, @austincarr, ScreenCrush, 9to5Mac, Agence France-Presse, Sports Business Journal, FlatpanelsHD, KVIA-TV, International Business Times, Finance Magnates, Mirror US, Benzinga, Quartz, Anadolu Ajansı …, WPXI-TV, Eurogamer.net, Android Headlines, Nerdist, The Independent, MacRumors, ZeroHedge News, XboxEra, GQ UK, Axios, TechRadar, Push Square, KSDK-TV, CNBC, Deadline, Plain Dealer, @bretbatson.bsky.social, Front Office Sports, The Hollywood Reporter, GamingBolt, Far Out Magazine, GameSpot, thepeoplesmovies.com, Screen, Broadband TV News, @kambole.bsky.social, @peter-eller10.bsky.social, @jackcarterbenjamin …, Engadget, @pkafka, @mgsiegler.com, @netflix, What's on Netflix, @valiuz.bsky.social, Game World Observer, @jakevk.bsky.social, @uppergwladysblu.bsky.social, @lewisgoodall.com, Barrett Media, @joshsternberg.com, Cord Cutters News, Associated Press, Telegraph, Business Standard, Financial Post, Miami Herald, Hypebeast, Oman Observer, Polygon.com, @irishoutsider.bsky.social, @thebarrylad.bsky.social, The Boston Globe, Barchart.com, Sharecast and Realscreen, more at Techmeme »
RELATED:
Dade Hayes / Deadline:
Netflix CEOs say the WBD deal won't fail because “we understand these assets that we're buying” and they're not buying to compensate for business deterioration  —  Netflix Co-CEOs Ted Sarandos and Greg Peters sought to reassure investors that their game-changing deal …
Tony Maglio / The Hollywood Reporter:
Netflix says it “expects to maintain Warner Bros.' current operations..., including theatrical releases for films”  —  Now that that's settled...  Netflix just solidified itself as the leading entertainment company (and then some), and all it cost was $83 billion.
CNBC:
Letter: Paramount expresses concern to WBD about the “fairness and adequacy” of the sales process, accusing WBD of favoring Netflix's offer
RELATED:
Blake Brittain / Reuters:
A US federal judge rules that OpenAI must produce 20M anonymized ChatGPT chat logs in the copyright lawsuit brought by The New York Times and other news outlets
Sara Fischer / Axios:
Meta strikes multiyear commercial AI data deals with news publishers, including CNN, USA Today, People, and Fox News, to provide answers for its Meta AI chatbot  —  Meta on Friday said it has struck several commercial AI data agreements with news publishers ranging from USA Today, People Inc. …
The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate  —  Ireland, Spain, Slovenia and the Netherlands pull out after decision not to hold vote on Israel's participation
David Pierce / The Verge:
Yahoo launches Game Breakdowns in beta, offering AI-generated game summaries, stats, and play recaps, all updated live, to Yahoo Fantasy Plus subscribers  —  AI models are very useful for mining stats to see exactly what's going on in the game you're watching.
Foo Yun Chee / Reuters:
The EU fines X €120M for breaching online content rules, the first fine under the DSA, citing issues like its deceptive blue checkmarks, after a two-year probe  —  Elon Musk's social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday …
Max Tani / Semafor:
Sources: Atlas Obscura's co-founders were pushed out of the company amid clashes with CEO Louise Story, who has trimmed staff and changed editorial strategy  —  The Scoop  —  Several months into Louise Story's tenure as CEO of Atlas Obscura, co-founders Joshua Foer and Dylan Thuras seemed pleased enough …
Jane Fonda / The Ankler:
Jane Fonda warns that a WBD merger in any form is an alarming escalation in media consolidation, threatening the entertainment industry and the First Amendment  —  Jane Fonda is a two-time Oscar-winning actress, producer and activist.  She earlier appeared on The Rushfield Lunch to announce …
 
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 More News: 
Wendy Davis / MediaPost:
The New York Times, AP, RCFP, and other media organizations back an effort to block a new Texas law requiring app stores to verify users' ages
Rick Porter / The Hollywood Reporter:
Versant says it has acquired Free TV Networks, which owns several digital broadcast and FAST channels, and INDY Cinema Group, which will fold into Fandango
Sara Fischer / Axios:
MS NOW, formerly MSNBC, plans to launch membership subscriptions in the summer of 2026, offering events, curated insights, and moderated community spaces
James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal
 Earlier Picks: 
Alex Weprin / The Hollywood Reporter:
CBS Evening News co-anchor Maurice DuBois will exit CBS News on December 18, as EIC Bari Weiss and President Tom Cibrowski overhaul the evening newscast
Mark Stenberg / Adweek:
Condé Nast licenses its content for use across Microsoft Copilot experiences and hires Vasanth Williams as its new chief product and technology officer
 

 
From Techmeme:

Bloomberg:
Netflix has lined up a $59B unsecured bridge loan from Wells Fargo, BNP Paribas, and HSBC to support its WBD deal, one of the largest ever loans of its kind

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson are retiring, and Jennifer Newstead, Meta's chief legal officer, will replace Adams in March

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges
 
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