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Financial Times:
Sources: WBD's board wanted a proposal it could sign immediately, and Netflix was the only bidder whose paperwork was fully executable the night of December 4 — Old-guard Hollywood underestimated streaming pioneer that has upended the industry over two decades
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Le Monde, nextbigwhat, dailyjournal.com, New York Sun, Associated Press, Daily Mail, Bloomberg, Yahoo Finance, BMI and Showbiz411
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Daniel Thomas / Financial Times:
Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, including debt, to close after WBD splits in two in Q3 2026 — As part of the deal, WBD will continue with plan to spin off its cable television networks — Netflix has agreed an $83bn takeover …
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Variety:
The WGA, which routinely opposes media mergers, says the Netflix-WBD deal must be blocked, and the Producers and Directors guilds express concern over the deal — SAG-AFTRA says proposed pact raises ‘serious questions about its impact on the future of the entertainment industry’
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Bloomberg:
Netflix secured $59B in bridge financing from Wells Fargo, BNP Paribas, and HSBC for its WBD bid, one of the largest loans of its kind; Wells' share is $29.5B — Netflix Inc. has lined up $59 billion of financing from Wall Street banks to help support its planned $72 billion acquisition …
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Financial Times, Paula Seligson on LinkedIn, SiliconANGLE, Fortune and Inc.com
Jody Godoy / Reuters:
Congressional Democrats and Republicans criticize the Netflix-WBD deal, saying it would raise streaming subscription prices and lessen workers' pay and control — Netflix (NFLX.O) pitched its $72 billion acquisition of Warner Bros Discovery's studios and streaming divisionas aligned …
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Nicole Sperling / New York Times:
Netflix's WBD bid marks a striking strategy shift for a company long known for pivots, especially after years of avoiding full commitment to theatrical releases
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Screen, @mgsiegler, @laurenshirsch, Instapundit, Vulture, Vanity Fair, Bloomberg, No Film School, Decider, Variety, /Film, Den of Geek, Forbes, MakeUseOf, The Bulwark, The Boston Globe, Puck, San Francisco Chronicle, Deadline, The Verge, Associated Press, The Ankler, Associated Press, CNBC, Boston.com, Mashable, Inc, World of Reel, Screen Rant and Spyglass, more at Techmeme »
Ted Johnson / Deadline:
A look at the uphill battle to win regulatory approval for Netflix's acquisition of WBD, and the roles of the US DOJ, EU regulators, and state attorneys general
A look at the uphill battle to win regulatory approval for Netflix's acquisition of WBD, and the roles of the US DOJ, EU regulators, and state attorneys general
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@cgasparino, The Hollywood Reporter, @sherman4949, @mikeisaac, @maxwelltani, @elonmusk, World of Reel, @lauraloomer, @danprimack, @modestproposal1, @loudmouthjulia, @sharonwaxman, @laurenshirsch, @laurenshirsch, International Business Times, Screen, Washington Examiner, Variety, Bloomberg and Business Insider, more at Techmeme »
Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr. — Nuzzi joined the magazine as an editor earlier this year — Vanity Fair and Olivia Nuzzi have agreed to part ways following …
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Chris Kerr / Game Developer:
WBD confirms that Warner Bros. Games will be acquired by Netflix along with its wider streaming and television business — A Warner Bros. spokesperson has confirmed the video game division will be acquired by Netflix alongside its wider streaming and television business.
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The Beat, Slate, Mirror US, Deadline, Far Out Magazine, Kotaku, TheDesk.net, Engadget, PocketGamer.biz, Metro.co.uk, Game Informer, Aftermath, Dexerto, Gizmodo, Forbes, MobileSyrup, Marketing Dive, Variety, CGMagazine, The Hollywood Reporter, iPhone in Canada, Thurrott, Decode TV, Business Insider, @matpiscatella.bsky.social, Nintendo Life, @knoebel.bsky.social, @wario64.bsky.social and @kerrblimey.bsky.social, more at Techmeme »
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Katie Campione / Deadline:
SAG-AFTRA puts off taking a position on the Netflix-WBD deal but says a deal benefiting its members “must result in more creation and more production, not less”
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CBC News, @variety, TrekMovie.com, The Ankler, Forrester, The Wrap, TVBEurope, Business Insider, The Hollywood Reporter, The Times, Yahoo Finance, Proactiveinvestors UK, SFist, Al Jazeera, New York Post, New Jersey Online, CNBC, Benzinga, MediaPost, The Streamable, Marketing Brew, RNZ, Livemint, Mobile World Live, masslive.com, Distractify, ZeroHedge News, PCWorld, Irish Examiner and Bloomberg
Tony Maglio / The Hollywood Reporter:
Netflix says it “expects to maintain Warner Bros.' theatrical releases for films” but “the windows will evolve to be much more consumer friendly”
Netflix says it “expects to maintain Warner Bros.' theatrical releases for films” but “the windows will evolve to be much more consumer friendly”
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Screen Rant, Variety, Deadline, The Hindu BusinessLine, NBC News, DNYUZ, BBC, Los Angeles Times, The Verge, Fortune, Northeastern Global News, Cinema United, One America News Network, Forbes, The Direct, AfroTech, Esquire, Screen, /Film, Joshua Harris on LinkedIn, Time, @diflaversham.bsky.social and CinemaBlend
Scott Roxborough / The Hollywood Reporter:
A European theater owners group says Netflix's Warner Bros. acquisition “represents a double risk” of fewer films being produced and getting theatrical releases
A European theater owners group says Netflix's Warner Bros. acquisition “represents a double risk” of fewer films being produced and getting theatrical releases
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Variety, MediaNews4U, The Week, The Guardian, The Sun, Inverse, Deadline, Den of Geek and Business Insider
Oliver Darcy / Status:
Sources: David Ellison's interference in WBD's failed summer talks to extend HBO Max's South Park licensing deal left David Zaslav distrustful of Ellison — Over the summer, David Zaslav was deep in negotiations with Paramount over “South Park,” hoping to extend HBO Max's licensing deal for the popular program.
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Cracked.com, @oliverdarcy.bsky.social, @status.news and CNBC
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Alex Sherman / CNBC:
Documents and source: WBD CEO David Zaslav's stock in WBD would be worth close to $660M if the Netflix deal closes — This isn't exactly what David Ellison had planned in September. — Just a few months ago, the Paramount Skydance CEO sent a letter to the Warner Bros. Discovery board …
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Dow Jones Newswires, Fortune, CNN, @dylanbyers, @jbillinson@threads.com, India Today, DiscussingFilm, Washington Post, The Wrap, Puck, Bloomberg Law, @willmckinley.bsky.social, Axios, Slate, @devonheinen.bsky.social, Variety, Deadline, Business Insider, Benzinga, TVNewsCheck, @timkarr.bsky.social, The Indian Express, AdExchanger, The American Bazaar, Just The News, TV Tech and New York Post
Dylan Byers / @dylanbyers:
Sources: Bari Weiss poaches ABC News' Chief National Correspondent Matt Gutman to serve as CBS News correspondent; he isn't in line to anchor the Evening News — Scoop: Bari Weiss has managed to lure ABC News correspondent @mattgutmanABC to CBS after a protracted back-and-forth negotiation, per sources familiar. He will serve as a high-profile correspondent and is not in line for Evening News anchor job. More in tonight's In The Room
Humeyra Pamuk / Reuters:
The Trump administration orders enhanced vetting of H-1B applicants and their families for past work in “censorship”, including fact-checking and online safety — The Trump administration on Wednesday announced increased vetting of applicants for H-1B visas for highly skilled workers …
Alexandra Steigrad / New York Post:
Sources: Forbes has cut ties with dozens of contributing writers; one exec said Forbes needs to ensure the contributor model is “financially sound” — Forbes abruptly cut ties with dozens of contributing writers this week — sparking outrage and confusion among the rank and file …
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Talking Biz News
