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2:05 PM ET, February 27, 2026

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 Top News: 
CNBC:
Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+  —  Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be superior.
Discussion: The Hollywood Reporter, Wall Street Journal, New York Times, CNN, Variety, NPR, ir.netflix.net, New York Post, NBC News, BBC, Deadline, Business Insider, TechRadar, Variety, Investor's Business Daily, Benzinga, Quartz, The Streamable, Esquire, Dallas Express, Barchart.com, Warner Bros. Discovery, Inc., Deadline, American Prospect, Yahoo Finance, UPI, New York Times, Livemint, @wittywebhandle.bsky.social, @pkafka, @superwuster, @joevanwye, Nairametrics, Marketing Week, @cgasparino, Fast Company, Sports Business Journal, @lucas_shaw, The Mac Observer, PCMag, City A.M., @dianabhenriques.bsky.social, @profpaulnary, Cord Cutter Weekly, Tyla, TODAY.com, @michaelscherer, @sarafischer, @brianstelter, @brianstelter, The Week, @jason, @yashar, @ggreenwald, @adamjohnsonchi, @djlink.bsky.social, @howardlindzon, @leehepner, @yashar, @film_girl, @mgsiegler, @zck, @great_katzby, @sarafischer, @sarafischer, @amitisinvesting, @sarafischer, @danprimack, @brianstelter, @cgasparino, Fincrypt, @mgsiegler, Eric Deggans on LinkedIn, New York Times, American Thinker, Media Matters for America, @breakify.bsky.social, @katieporterca.bsky.social, Neal Rothman on LinkedIn, Entrepreneur, @politicalamericans …, @tailschannel.com, Walter Delph on LinkedIn, Juan P. Delgado on LinkedIn, Inc, Taipei Times, NBC News, @kennysmith.org, @namcohistory.bsky.social, Forbes, @johngcole.bsky.social, Sergio Pizzolante on LinkedIn, @darnell@one.darnell.one, @jbz@indieweb.social, Wrestling Inc., New York Post, PocketGamer.biz, @kevdgrussing.bsky.social, @stevemullis.net, @davepell.bsky.social, Breitbart, Sportico, Mediaite, /Film, Animation Magazine, TechCrunch, Comic Book, Semafor, @harrymccracken.com, Superman, Straight Arrow News, The Hill, The Wrap, @mikerugnetta.com, @urocklive1.bsky.social, Raw Story, 9to5Mac, @joeo10@mastodon.sdf.org, @jgo4justice.bsky.social, @blakestacey.myatproto.social, @jakevig.bsky.social, @chrislhayes.bsky.social, @notaaroncraig.bsky.social, Washington Examiner, NPR, Dow Jones Newswires, Fortune, @knoebel.bsky.social, The Hill, @mgsiegler.com, TV Tech, @donmoyn.bsky.social, Axios, Los Angeles Times, Adweek, World of Reel, Joe.My.God., The Independent, Bloomberg, The Verge, Daring Fireball and r/Journalism, more at Techmeme »
RELATED:
Ted Johnson / Deadline:
US Senator Elizabeth Warren calls a potential Paramount-WBD merger an “antitrust disaster” and questions the influence of the Trump White House on the deal  —  Sen. Elizabeth Warren (D-MA) continued her criticisms of Paramount-Skydance as it is poised to win the bidding …
Ted Johnson / Deadline:
Memo: CNN CEO Mark Thompson urged employees to avoid jumping to conclusions after Netflix pulled out of the WBD deal and to focus on serving CNN's audience  —  That has triggered a new level of consternation at the network, not just because of the every present worries about cutbacks …
Winston Cho / The Hollywood Reporter:
California AG Rob Bonta says Paramount-WBD “is not a done deal” as CA DOJ “has an open investigation” and the companies haven't “cleared regulatory scrutiny”  —  If the Justice Department and foreign regulators approves the deal, it'll be up to state attorneys general to challenge the merger.
Variety:
The international film community sees Paramount's potential WBD acquisition with optimism for theatrical windows and worry about a reduced number of film buyers  —  Late Thursday night at around 10.30p.m. in London at the world premiere afterparty for Warner Bros.' all-star gothic romance …
Discussion: Reuters, The Wrap, Deadline and The Guardian
Sara Fischer / Axios:
Since bidding for WBD began in September, its stock price has risen 148% and Paramount raised its bid by 63%, a testament to David Zaslav's dealmaking abilities  —  In repeatedly rebuffing takeover offers from Paramount Skydance, Warner Bros. Discovery's board managed to create one of Hollywood's …
Chris Gardner / The Hollywood Reporter:
Equalpride, parent company of LGBTQ+ outlets like Out and The Advocate, cuts staff, including the EICs of Pride.com and The Advocate  —  Commenting on the latest round of cuts, a source tells THR, “These brands mean a lot to people, and we need to be telling our stories now more than ever.”
Discussion: The Wrap
RELATED:
Aisha Malik / TechCrunch:
Spotify launches Audiobook Charts in the US and the UK, which will be updated weekly and highlight the top audiobooks overall and by genre  —  Spotify is launching Audiobook Charts for the U.S. and U.K., the company announced on Friday.  Similar to the streaming giant's Music and Podcast Charts …
Reggie Ugwu / New York Times:
A look at the appeal of video podcasts for Netflix: they're cheap to produce, may attract viewers interested in topical news, and could fuel Netflix's ad tier  —  The podcasts in the streamer's debut crop, including “The Pete Davidson Show,” have revived metaphysical questions about the definition of the medium.
Kristin Robinson / Billboard:
Suno CEO and co-founder Mikey Shulman says the AI music company hit 2M paid subscribers and $300M ARR; pitch deck: it had 1M paid subscribers in November 2025  —  The AI startup reports rapid growth, strong retention rates and rising engagement. … On Wednesday, Suno CEO …
Christine Wang / Axios:
TMTG says it is in talks to spin off Truth Social into a public company, following the close of its previously announced merger with nuclear fusion startup TAE  —  Trump Media & Technology Group said Friday it is in talks to spin off Truth Social into a new publicly traded company.
 
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 More News: 
Anna Nicolaou / Financial Times:
Conde Nast revenue in 2025 was ~$2B, Google accounted for only ~25% of visits to its sites in 2025, and its seven largest brands make up 85% of revenue
Arijeta Lajka / New York Times:
An analysis of 1,000+ YouTube Shorts videos recommended to kids: the algorithm pushes bizarre, often nonsensical, AI-generated videos, and many lack disclosures
John Koblin / New York Times:
Nielsen: ~32.6M viewers watched Trump's State of the Union address, not including people who watched via streaming; Fox News led with 9M+ viewers
 Earlier Picks: 
Riddhi Setty / Columbia Journalism Review:
The Cleveland Plain Dealer says adding an “AI rewrite specialist” has saved reporters enough time for an extra day to report while producing as many stories
Discussion: Fast Company
Madeline Coleman / The Athletic:
Apple TV will offer Season 8 of Netflix's Drive to Survive F1 docuseries in the US; in turn, Netflix will air Apple TV's Canadian Grand Prix coverage in the US
Jill Goldsmith / Deadline:
WBD reports Q4 revenue fell 6% YoY to $9.46B, net loss narrowed 49% to $252M, streaming revenue rose 4% to $2.8B, and streaming subs hit 131.6M, up 3.5M from Q3
 

 
From Techmeme:

CNBC:
OpenAI raised $110B at a $730B pre-money valuation, up from $500B in a secondary financing in Oct.; Amazon invested $50B, Nvidia and SoftBank invested $30B each

Anthropic:
Dario Amodei says Anthropic cannot “in good conscience” accede to DOD's request to remove safeguards and will work to ensure a smooth transition if offboarded

Axios:
Sam Altman says OpenAI shares Anthropic's red lines with respect to AI use by the military, which are “an issue for the whole industry”
 
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