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Re: Paramount Makes Rival Bid For Warner Bros. After Netflix's $82 Billion Offer, Includes Game Studios

johnedwin

@Olmectron there would be no winner whoever wins

Critics said a Netflix-Warner combo would be bad news for moviegoers and for people who work in theaters. Cinema United - a trade association that represents more than 30,000 movie screens in the U.S. and another 26,000 screens internationally - was quick to oppose the deal, which it said "poses an unprecedented threat to the global exhibition business."

"Netflix's stated business model does not support theatrical exhibition. In fact, it is the opposite," Michael O'Leary, CEO of Cinema United, said Friday. "Theaters will close, communities will suffer, jobs will be lost."

The Writers Guild of America sounded a similar alarm and called for the merger to be blocked

Re: Paramount Makes Rival Bid For Warner Bros. After Netflix's $82 Billion Offer, Includes Game Studios

johnedwin

Paramount Skydance (PSKY) announced on Monday a bid to acquire Warner Bros. Discovery (WBD) in an all-cash deal worth $30 per share, with a total value of $108.4 billion, as the company moves to top Netflix's (NFLX) deal struck last week to acquire the storied studio

On Friday, Netflix agreed to acquire Warner Bros.' TV, film, studios, and streaming division for $72 billion in equity value — roughly $27.75 per share — in a cash-and-stock deal worth a total $82.7 billion that would see Warner Bros. shareholders receive $23.35 per share, along with $4.50 in Netflix common stock.