Paramount, David Ellison and Netflix
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David Ellison is on a race against the clock, meeting political leaders and entertainment figures across Europe to rally support for his $108.4 billion hostile bid for Warner Bros. Discovery and build an opposition against rival suitor Netflix.
In a move straight out of a Hollywood thriller, David Ellison has ignited what could become the most explosive proxy
Paramount CEO David Ellison this week met with UK Secretary of Culture Lisa Nandy as well as prominent European creatives.
After multiple rejections, David Ellison could hit the nuclear button in his quest to wrest the studio empire from would-be-buyer Netflix. But this next battle may be more public — and bruising.
Discovery with a lawsuit as part of its never-ending attempts to purchase the company, New York magazine published a long report about the relationship between David and Larry Ellison and their relationships with Hollywood over the past three decades.
3hon MSN
Netflix revises deal for Warner Bros. Discovery as streaming giant prepares to report earnings
Netflix revealed Tuesday morning that it had struck an amended all-cash deal to purchase Warner Bros. Discovery’s streaming and studio assets, replacing the previous stock-and-cash agreement the two companies had reached last month.
The Paramount mogul is seeking a strategic partner for the cable channel as it figures out a plan to revive the once-iconic brand.