NEW YORK.- Warner Bros Discovery This Wednesday he rejected a Purchase counteroffer from competitor Paramount Last week I was looking thwart the giant’s plans Streaming Netflix to acquire the large film and television company.
In a statement, Warner Bros. Discovery said its board of directors decided unanimously that Paramount’s hostile offer “does not reflect WBD’s interests” and defined it as “riskyAs previously stated, the proposal was supported by “a revocable, unknown and opaque trust.”
Since the bidding war began in September this year, this was the case Paramount’s sixth offering from WBD, the legendary Hollywood company that also owns the signal cnn. “We are confident that our merger with Netflix will be a success Higher and safer value for our shareholders,” says the WBD text.
Netflix surprised the entertainment industry on December 5th by announcing that it was doing so entered into an agreement to purchase WBD for nearly $83 billion.
Three days later Paramount – whose CEO is David EllisonSon of Larry Ellison, a Ally of President Donald Trump– made a public takeover offer in cash The WBD was valued at $108,400,000.
Unlike Netflix’s offer, Paramount’s recent proposal included purchasing cable channels like cnn, TNT, TBS And discoverywhich would be added to her television assets as CBS, MTV And Comedy Central.
Trump said last week he wanted to be sure cnn had new owners as a result of the sale of WBD. The president, in turn, was there were conflicts with the democratic news channel for years.
The North American president has already intervened in the bidding war on several occasions, including by saying that the Netflix agreement “could be a problem” by assuring the platform a huge market share of the film and television industry.
In the same vein as Trump, but for different reasons, the Hollywood elite launched one aggressive campaign against Netflix’s takeover of WDB. Over the decades, Warner Bros. produced classic films like Casablanca And Citizen Kaneas well as more recent blockbusters like the series Friends And game of Thrones and the film saga Harry Potter.
But in some Hollywood circles, it’s Netflix was questioned about its reluctance to release content in cinemas traditional cinema – and publishing them directly on the platform – and for changing traditional industry practices.
In an interview Tuesday in Paris, Netflix CEO Ted Sarandos said promised that Warner Bros. films would continue to be shown in theaters when his bid to purchase the historic studio was completed. “We will continue to run the Warner Bros. studios independently and release films in the traditional way,” he said during an event in the French capital.
AP and AFP agencies
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