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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:
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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 …
Discussion:
Status, Free Press Action Fund Feed, The Wrap, Deadline, TVBEurope, New Republic, Blockonomi, @notaaroncraig.bsky.social, Hypebeast, Benzinga, International Business Times, @senwarren, Reuters, @hshaban, Screen, @simonowens, @matthewkeyslive, @film_girl, primetimer.com, CNN, @lukerussell.bsky.social, @wajali.bsky.social, @emptywheel.bsky.social, @nemalki.bsky.social, @oliverdarcy.bsky.social, @scaredbisexual.bsky.social, Ukrainian National News, @bselena.bsky.social, RedState, @ddayen.bsky.social, @ddayen.bsky.social, @ddayen.bsky.social, @ddayen.bsky.social, @ethanpfreedman.com, The Wrap, @ethanpfreedman.com, @matthew.flux.community, @timkarr.bsky.social, @jamellebouie.net, @jamellebouie.net, @jamellebouie.net, @jamellebouie.net, @jamellebouie.net, @rbreich.bsky.social, CBS News, TheDesk.net and Annotated DC
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 …
Discussion:
The Guardian, New York Times, Poynter, HuffPost, Variety, @karlbode.com, Newser, @socialmedialab.ca, Times of India, Barrett Media, @bgrueskin.bsky.social, The Wrap, @oliverdarcy.bsky.social, @jaymesl.bsky.social, @parkerdw.bsky.social, @justinbaragona.bsky.social, @mattgertz.bsky.social and Gizmodo
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 …
Discussion:
Business Insider, Screen Rant, CinemaBlend, @canteverdie, @sonnybunch, @dorkly, @hunteryharris, The Wrap and Screen
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.
Discussion:
TheDesk.net, Deadline, Reuters, Telegraph, Front Office Sports, The Motley Fool, Yahoo Finance, iDrop News, Android Headlines, BBC, Sky News, What Hi-Fi?, The Bulwark, The Irish Times, The American Bazaar, LaineyGossip, @paulhikari.bsky.social, Comic Book, Business Insider, @somenobody24.bsky.social, Variety, ANI News, The Wrap, Livemint, Australian Financial Review, Sports Business Journal, Empire, The Business Times, Nerdist, CinemaBlend, Newser, Engadget, New York Times, Time, CNET, CBS News, Channel NewsAsia, Just Jared and Reality Tea
Chris Gardner / The Hollywood Reporter:
Equalpride acquires Condé Nast's LGBTQ+ digital outlet Them, which was launched in 2017 and is led by EIC Fran Tirado — On the heels of layoffs, Equalpride CEO Mark Berryhill says, “Adding the ‘Them’ brand accelerates our mission and expands the ways we can champion LGBTQ+ voices year-round."
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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
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.
Discussion:
What's on Netflix, @dannygroner.bsky.social, Jen Sargent on LinkedIn, Bloomberg and Fast Company
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.
Discussion:
Wall Street Journal, Financial Times, New York Times, CBS News, Benzinga, CNBC, Forbes, Bloomberg and Dow Jones Newswires
Marcus Mendes / 9to5Mac:
In an interview, Apple's SVP of Services Eddy Cue says Brazil is Apple TV's second-largest and fastest growing market in terms of subscribers — In an interview with Brazilian newspaper Folha de S. Paulo, Cue emphasized Brazil's growing role in Apple TV's global business …
Discussion:
Sports Business Journal, MacRumors, Asymco and AppleInsider
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 — Experts caution that low-quality, A.I.-generated videos on YouTube geared toward children often feature conflicting information …
