WBD recommends shareholders reject Paramount's unsolicited $108.4B cash bid, calling the offer “illusory” and saying it believes Netflix's proposal is superior
Warner raised concerns about the credibility of Paramount's ‘illusory’ offer and its backing from the Ellison family
Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, including debt, to close after WBD splits in two in Q3 2026
Netflix announced this week that it had reached … Axios : Netflix to buy Warner Bros. for nearly $83 billion Alex Pigman / Taipei Times : Warner Bros acquisition by Netflix sparks backlash Victory Emm...
Disney, WBD, Comcast, and Paramount face a reckoning in 2024 after losing $5B+ in 2023 from the streaming services the US conglomerates built to take on Netflix
Tie-ups and cuts on menu as Disney, Warner, Comcast and Paramount seek new ways to keep up — The world's largest traditional …
Sources: UMG, Sony, and Warner have been negotiating with ByteDance for a share of TikTok ad revenue and increased royalties before their contracts expire
Bloomberg : See also Mediagazer
Sources: AT&T couldn't get an HBO Max distribution deal for Amazon's Fire TV devices before WarnerMedia agreed to extend its contract for AWS services
Jessica Toonkel / The Information : Tweets: @matthewkeyslive , @whatsonhbomax , and @tzm_tmt See also Mediagazer Tweets: Matthew Keys / @matthewkeyslive : This is a terrific scoop by Jessica. My writ...
Filing: Tencent took a 1.6% stake in Warner Music Group for $200M in Warner's IPO in separate transactions by two Tencent subsidiaries; shares now worth ~$250M
Chinese internet giant already had interests in Universal Music Group, Spotify — Tencent Holdings Ltd. TCEHY 1.56% took … Tweets: @somospostpc See also Mediagazer Tweets: Alex Barredo / @somospostpc...
Sources: Tencent is in talks to buy a $200M stake in Warner Music Group in advance of Warner's IPO; the offering is expected to value WMG around $11.7B- $13.3B
Wall Street Journal :
Facebook strikes a licensing deal with Warner Music, the last major label holdout, to use Warner's music in videos and messages on Facebook
Ingrid Lunden / TechCrunch :
Facebook strikes a licensing deal with Warner Music, the last major label holdout, to use Warner's music in videos and messages on Facebook
Just weeks after signing a large licensing deal with leading indy label representative ICE, Facebook has continued its march into the world of music …