Top News:
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
Discussion:
Le Monde, dailyjournal.com, Fortune, New York Sun, nextbigwhat, Associated Press, Daily Mail, Bloomberg, Yahoo Finance, BMI and Showbiz411
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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’
Discussion:
IndieWire, Fortune, Pressing Issues, Gizmodo, The Hollywood Reporter, @sharonwaxman, New York Times, Media Play News, Mirror US, wga.org, The Wrap, Boardroom, mxdwn Television, The A.V. Club, Techdirt, Forbes, Mediaite, Digital Music News, Deadline, Press Association, The Wrap, TVNewsCheck, Screen, Esquire, Screen Rant, Common Dreams, American Prospect and Deadline
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 …
Discussion:
Variety, @mattgaetz, @berniesanders, @rogermarshallmd, CNN, The Wrap, Benzinga, Forbes, Reuters, CNBC, Reason, Wall Street Journal, @editorialboard.bsky.social, Newsmax, Bloomberg, Notable early reaction …, The Guardian, Consequence, mxdwn Television, Observer, CampaignUs, U.S. Senator Elizabeth Warren …, Channel NewsAsia, Silicon Valley Business …, CBS News, The Hill, Blockchain.News, Deadline and Fortune
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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TechCrunch, @cgasparino, Forbes, @elonmusk, World of Reel, @lauraloomer, The Hollywood Reporter, @sharonwaxman, @sherman4949, @mikeisaac, @maxwelltani, @loudmouthjulia, @danprimack, @modestproposal1, @laurenshirsch, @laurenshirsch, International Business Times, Screen, Washington Examiner, Variety, Bloomberg, Business Insider and Media Play News, more at Techmeme »
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 …
Discussion:
Financial Times, Paula Seligson on LinkedIn, SiliconANGLE, Fortune and Inc.com
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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
Discussion:
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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
WBD confirms that Warner Bros. Games will be acquired by Netflix along with its wider streaming and television business
Discussion:
Slate, Mirror US, Deadline, The Beat, Far Out Magazine, Kotaku, TheDesk.net, AfroTech, Engadget, PocketGamer.biz, Metro.co.uk, Game Informer, Aftermath, Dexerto, Gizmodo, Forbes, MobileSyrup, Marketing Dive, CGMagazine, The Hollywood Reporter, iPhone in Canada, Thurrott, Decode TV, Business Insider, @matpiscatella.bsky.social, Nintendo Life, Washington Times, @knoebel.bsky.social, Hollywood Life, @wario64.bsky.social, Variety and @kerrblimey.bsky.social, more at Techmeme »
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”
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”
Discussion:
@variety, CBC News, TrekMovie.com, Entertainment Strategy Guy, The Ankler, Forrester, The Wrap, Business Insider, The Hollywood Reporter, TVBEurope, Yahoo Finance, Proactiveinvestors UK, The Times, SFist, Al Jazeera, New York Post, Sports Media Watch, New Jersey Online, CNBC, Benzinga, MediaPost, The Streamable, Marketing Brew, RNZ, Livemint, Mobile World Live, masslive.com, Distractify, ZeroHedge News, PCWorld, Irish Examiner, BIG by Matt Stoller and Bloomberg
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
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
Discussion:
Screen Rant, New York Post, Forbes, Screen, Variety, The Hindu BusinessLine, @mgsiegler, @laurenshirsch, Instapundit, Vulture, Vanity Fair, Bloomberg, No Film School, Decider, /Film, Den of Geek, MakeUseOf, The Bulwark, One America News Network, The Boston Globe, San Francisco Chronicle, The Direct, Deadline, The Verge, Associated Press, The Ankler, CNBC, Boston.com, Mashable, Inc, World of Reel, CinemaBlend, The Wrap, Spyglass and The Hollywood Reporter, 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 …
Discussion:
New York Times, Liberal Currents, @bryancurtis, @tomgara@threads.com, Politico, Blaze Media, Business Insider, Newser, @olufemiotaiwo.bsky.social, New York Daily News, Los Angeles Times, RADAR, @ericmgarcia.bsky.social, Northeastern Global News, DNYUZ, The National Pulse, @davelevitan.bsky.social, Mediaite, @bgrueskin.bsky.social, The Guardian, @alexshultz.bsky.social, The Independent, @zeeshanaleem.bsky.social, @joshsternberg.com, New York Post, The Hill, The Wrap, @bselena.bsky.social, @mbkplus.bsky.social, Fox News and r/Journalism
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.
Discussion:
Cracked.com, BBC, @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 …
Discussion:
Fortune, Dow Jones Newswires, CNN, @dylanbyers, @jbillinson@threads.com, India Today, DiscussingFilm, Washington Post, The Wrap, Puck, Bloomberg Law, @willmckinley.bsky.social, Axios, Slate, @devonheinen.bsky.social, Deadline, Business Insider, Benzinga, TVNewsCheck, @timkarr.bsky.social, The Indian Express, AdExchanger, The American Bazaar, Just The News, TV Tech and New York Post
Pamela McClintock / The Hollywood Reporter:
A look at Paramount's culture shift under David Ellison, where the focus is on male-driven action movies, and not on prestige films seen as critics' darlings — It's a brand-new day at the legacy studio, where prestige films are out, testosterone-heavy tentpoles are in and Brett Ratner is back on the call sheet.
Discussion:
World of Reel, KDFX-TV, Comic Book, @thespaceshipper.com and Deadline
Joe Flint / Wall Street Journal:
WBD CEO David Zaslav, criticized for cutting costs, scrapping movies, and laying off thousands, may end up having the last laugh thanks to the Netflix-WBD deal — Long Hollywood's punching bag, the CEO is shaking up the industry with a blockbuster deal — David Zaslav is finally having his moment.
Discussion:
The Guardian, Variety, Puck and The Wrap
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 …
Discussion:
@eliothiggins.bsky.social, @klonick.bsky.social, @claesdevreese@mastodon.social, @jbakcoleman.bsky.social, Trak.in, @patrickokeefe@mastodon.social, @mantzarlis.com, Washington Post, @katestarbird.bsky.social, @noupside.bsky.social, @attorneynora.bsky.social, @davidgreene.bsky.social, @fil.bsky.social, @kryton3298.bsky.social, @emmalbriant@mastodon.online, The Guardian, Tech Policy Press, Mercury News, The National Pulse, MS NOW, Semafor, Reclaim The Net and Talking Points Memo, more at Techmeme »
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 …
Discussion:
Jeanne O'Brien Coffey on LinkedIn and Talking Biz News
