BREAKING

#Paramount wins bidding war.

#Netflix drops bid for #WarnerDiscovery after Paramount increases bid.
-MSnow

"Swallowed" by Trump allies, Larry & David Ellison, opposite of Big fish little fish:

1st David Ellison began w/small company, Skydance. Skydance bought bigger Paramount. Now...

Bad news for #CNN & us.

Netflix sorprende al comprar Warner Bros. Discovery: así podría cambiar el futuro de HBO Max 🎬

#Netflix #WarnerDiscovery #StreamingNews

https://www.enter.co/cultura-digital/entretenimiento/netflix-compra-warner-bros-discovery-el-futuro-de-hbo-max-y-lo-que-cambia-para-ti/?utm_source=dlvr.it&utm_medium=mastodon

Netflix da el golpe del año al comprar Warner Bros. Discovery: así cambia el futuro de HBO Max 🎬

#Netflix #WarnerDiscovery #StreamingNews

https://www.enter.co/cultura-digital/entretenimiento/netflix-compra-warner-bros-discovery-el-futuro-de-hbo-max-y-lo-que-cambia-para-ti/?utm_source=dlvr.it&utm_medium=mastodon

Netflix mueve ficha y compra Warner Bros. Discovery: ¿qué significa esto para HBO Max? 🎬

#Netflix #WarnerDiscovery #StreamingNews

https://www.enter.co/cultura-digital/entretenimiento/netflix-compra-warner-bros-discovery-el-futuro-de-hbo-max-y-lo-que-cambia-para-ti/?utm_source=dlvr.it&utm_medium=mastodon

Netflix sorprende con la compra de Warner Bros. Discovery: ¿qué pasará ahora con HBO Max? 🎬

#Netflix #WarnerDiscovery #StreamingNews

https://www.enter.co/cultura-digital/entretenimiento/netflix-compra-warner-bros-discovery-el-futuro-de-hbo-max-y-lo-que-cambia-para-ti/?utm_source=dlvr.it&utm_medium=mastodon

Just imagine being a creatively bankrupt CEO who destroys US$9.1 billion by trying to turn one of the world's largest media conglomerates into Netflix...

(Source on that US$9.1 billion figure: https://variety.com/2024/tv/news/warner-bros-discovery-9-billion-charge-tv-network-value-max-subscribers-q2-earnings-1236097338/)

...And getting paid a US$50 million salary to do it.

Because CEOs get paid based on merit. Apparently.

https://variety.com/2024/biz/news/warner-bros-discovery-david-zaslav-2023-compensation-pay-1235974254/

#Warner #Zaslav #CEO #WarnerBros #WarnerDiscovery #film #movies #tv #entertainment #business #news #capitalism

So WarnerDiscovery now wants to merge with Paramount Global.

Because apparently what the world needs now is even more media consolidation.

This is more than just a merger between two big Hollywood studios. It's a merger between two conglomerates that themselves were created through the merger of big media conglomerates.

Paramount Global came about through the merger of CBS and Viacom.

Along with Paramount Pictures, it also owns CBS in the US, Channel Ten in Australia, and Channel Five in the UK.

Oh, and also MTV, BET, Nickelodeon, VH1, Showtime, Comedy Central, Miramax Films, United International Pictures, Pop TV, and CMT, among many other assets.

WarnerDiscovery was formed from the merger of Discovery Inc with WarnerMedia, which itself was formed by merging Time Inc with Warner Communications, and then Turner Broadcasting.

Along with Warner Brothers, it owns CNN, DC Comics, The Oprah Winfrey Network, HBO, Cartoon Network, TBS, TNT, Discovery Channel, Animal Planet, New Line Cinema, Castle Rock Entertainment, and a lot more.

And all that will be owned by one mega-corp if this deal goes through.

Now whose interest would such a deal serve?

Consumers? Creatives? Employees?

Or just Wall Street...

https://amp.smh.com.au/business/companies/warner-bros-and-paramount-plot-56-billion-hollywood-megamerger-20231221-p5et17.html

#media #business #finance #WarnerMedia #WarnerDiscovery #capitalism #politics