Netflix says it’s not buying Warner Bros.
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Netflix ditches deal for Warner Bros. Discovery after Paramount’s offer is deemed superior
Netflix is ditching a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board deemed a revised bid by Paramount to be superior.
Analysts discuss open questions and dissect the streamer's decision not to escalate the bidding further ("Take the money and run!") after co-CEO Ted Sarandos traveled to the White House.
The streamer saved more than money by giving up on Warner Bros. Discovery.
It is entirely possible, analysts say, that Netflix will be better off by bailing from its $83 billion deal with Warner Bros. Discovery.
Deadline understands that Sahara Bushue, who was director of unscripted series at Netflix, overseeing its slate of live unscripted and performance series, is exiting the company. This comes after series such as Star Search, Building The Band and Pop The Balloon have underwhelmed in the ratings for Netflix.
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Netflix CEO brushes off concerns that Trump’s criticism of liberal executive threatens merger
Netflix Co-CEO Ted Sarandos disregarded concerns that criticism from President Donald Trump over a liberal board member could threaten the company’s proposed acquisition of Warner Bros. Discovery. During a BBC Radio 4 interview on Monday,
Ted Sarandos, co-CEO of Netflix, has responded to Trump's calls for the company to fire Susan Rice from its board as it bids for Warner Bros.
Big news. The ground has shifted as Warner Bros. Discovery said its board determined tha a new proposal from Paramount could reasonably be expected to lead to a so-called "Company Superior Proposal" as defined in WBD's merger agreement with Netflix and that it will continue talks with the David Ellison company.