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Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week — Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war …
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Sara Fischer / Axios:
Filing: Paramount's outside partners for its WBD bid include Saudi Arabia's PIF, Abu Dhabi's L'imad, Qatar Investment Authority, and Jared Kushner's Affinity — Paramount on Monday launched a hostile takeover bid to buy Warner Bros. Discovery, going directly to shareholders with an all-cash, $30-per-share offer.
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Lucas Shaw / Bloomberg:
Sources: Ted Sarandos met with Trump in November, arguing that Netflix wasn't a monopoly; Sarandos agreed with Trump that WBD should sell to the highest bidder — Netflix Inc. co-Chief Executive Officer Ted Sarandos ventured to the White House in mid-November for a meeting with President Donald Trump.
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Bloomberg:
President Trump says Netflix's WBD deal has “got to go through a process”, its big market share “could be a problem”, and he will be involved in the decision — US President Donald Trump raised potential antitrust concerns around Netflix Inc.'s planned $72 billion acquisition …
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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
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TVNewsCheck, Kotaku, Variety, The Wrap, Business Insider, Deadline and The Hollywood Reporter
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
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
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Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator — Chinese and Hong Kong authorities must immediately stop harassing journalists, release news commentator Wong Kwok-ngon …
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Hong Kong Free Press HKFP, The Guardian, @sensehofstede.nl, @newsguy.bsky.social and The Daily Caller
Variety:
Netflix scores the most 2026 Golden Globe nominations, with 35 nominations across film and TV; Warner Bros. and HBO got a combined 31 nominations — “One Battle After Another,” a blisteringly funny look at a repressive society riven by political violence, dominated the 2026 Golden Globe Awards nominations …
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Kerry Flynn / Axios:
Samba TV raised up to $60M in venture debt to scale through acquisitions and new AI-powered measurement tools; Samba previously raised $69M in equity funding — Samba TV has secured up to $60 million in venture debt to scale through acquisitions and new AI-powered measurement tools, CEO Ashwin Navin exclusively tells Axios.
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TVNewsCheck
Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M — “It is so important that we continue to diversify revenue streams and control expenses to allow for a sustainable and impactful future," Academy CEO Bill Kramer tells THR.
Matt Donnelly / Variety:
A look at the auction for the Oscars' TV rights, as sources say Netflix is out, NBCUniversal gains ground, and YouTube and ABC remain active bidders — There are eight weeks left on the holy Hollywood awards calendar until Oscar nominations are announced, and it's not just artists and craftspeople hunting for trophies.
Megan Graham / Wall Street Journal:
WPP Media expects global ad revenue, excluding US political ads, to grow 8.8% YoY in 2025 to $1.14T, and says AI investment drives more spending than expected — A new report from WPP Media says global ad revenue will reach $1.14 trillion this year — Advertising spending will grow …
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MediaPost, GeekWire, TVNewsCheck, The Drum, WPP Media, Communicate Online, Blockchain.News, AdExchanger, Mumbrella, Adweek and campaignlive.co.uk
Ellen Gamerman / Wall Street Journal:
Inside the creation of AI actress Tilly Norwood, which included 2,000 iterations; Particle6, its creator, says it has ~60 NDAs for projects involving Tilly — How the human behind Tilly Norwood brought her to digital life
Discussion:
Digital Music News, CBS News, Associated Press and The Wrap, more at Techmeme »
Max Tani / Semafor:
Source: OpenAI privately complained to NBC News that the author of a story about OpenAI pressuring nonprofits was backed by a nonprofit involved in the story — The Scoop — Last month, NBC News broke the news that the artificial intelligence behemoth OpenAI had quietly issued a series …
Barbara Moens / Financial Times:
The EU says Meta agreed to make changes to its “pay or consent” model in the EU, including ad-lite Instagram and Facebook versions, but “the case is not closed” — Facebook agrees changes to ‘pay or consent’ model after talks with European Commission
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Thurrott, Euractiv, Dow Jones Newswires, today.rtl.lu, Reuters, European Commission, Politico and Bloomberg, more at Techmeme »
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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