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I just realized that the netflix ceo is a big-time democratic party donor, and that paramount is supposedly being supported by larry ellison (big-time republican/trump donor) and saudis? I'm sensing a strong political/influence angle here by the billionaires.
I just realized that the netflix ceo is a big-time democratic party donor, and that paramount is supposedly being supported by larry ellison (big-time republican/trump donor) and saudis? I'm sensing a strong political/influence angle here by the billionaires.
That is exactly what is going on. Everyone at WB management knows that the Ellisons want to weaponize CNN before the midterms runoffs start in spring.
Earlier quoted context omitted.
The article bullet point referencing WB Discovery could mislead some into thinking that this takeover is only for the Discovery portion, but that's not the case. $30 would not be for Discovery only (as Netflix's bid is $27.75), it's for the whole kit and caboodle. Yes there are two entities, but/and Paramount wants it all, and the takeover intent is for both.
I've heard that what Kushner wants is CNN. If they could make CBS+CNN lean conservative like Fox, they pull off a potential to swing the country via news media.
I just realized that the netflix ceo is a big-time democratic party donor, and that paramount is supposedly being supported by larry ellison (big-time republican/trump donor) and saudis? I'm sensing a strong political/influence angle here by the billionaires.
My man, you don't have to mince words here. This hostile bid is backed by Jared Kushner, who is the President's son in law. One Rich Asshole owns Paramount, and is most certainly supporting the bid here.
This deal would also leave CNN in a very vulnerable position (they are owned by WB), which is exactly what Trump wants.
Paramount bids $30 all cash for all of Warner Brothers Discovery. Netflix bids $27.75 “for Warner’s studio and HBO Max streaming business” only [1]. (“$23.25 in cash and $4.50 in shares” [2].) The latter leaves behind “sports and news television brands around the world including CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the profitable Discovery+ s…
Does WB have to pay the breakup fee to Netflix if a Paramount hostile takeover succeeds?
Isn't this submission about Warner Bros Discover, which is a different entity? Seems to be about TV, not movies. But maybe I misunderstand, I did spend a whole of 20 seconds to skim the article...
Does WB have to pay the breakup fee to Netflix if a Paramount hostile takeover succeeds?
This has nothing to do with the Netflix bid. Warner bros is being divided into the cable TV stations + discover channel stations and the movie studio and the backlog is separate. Netflix wants the movie studio + tv back catalog
Earlier quoted context omitted.
I've heard that what Kushner wants is CNN. If they could make CBS+CNN lean conservative like Fox, they pull off a potential to swing the country via news media.
That's a shitty gamble when online media is where it is at now a days. These big media networks are dinosaurs hanging on by a thread.
Earlier quoted context omitted.
Because WB owns what is left of Newline, that would include LotR and The Hobbit.
"What's left"? New Line has been part of Warner since they merged with TBS in the mid 90s.
The Hobbit for instance is a WB production, not Newline.
Apparently sometime shortly before they got the axe they paid Susanna Clarke a 7 figure sum to option Jonathan Strange and Mr Norrell. I don't know a whole lot about options but 7 figures sounds like about 8-16x what people usually do especially for a 3 year old book by an unknown author. IIRC, that's more than Andy Weir got for The Martian. And more than Lev Grossman is worth today, and he got five seasons out of three books.
That option expired unused and BBC One and Cuba Pictures made it into a very good miniseries. Does feel a bit like a pattern of financial exuberence.