Overview
- Paramount Skydance launched a hostile, all‑cash $108.4 billion offer for all of Warner Bros. Discovery, topping Netflix’s signed agreement to buy the studios and HBO/HBO Max.
- President Trump said any transaction should ensure CNN is sold or separated and indicated he intends to participate in the government’s approval decision.
- Michelle Fendelender filed a federal lawsuit in the Northern District of California seeking to block the Netflix deal on antitrust grounds, alleging higher prices and degraded service.
- Netflix executives pledged to preserve Warner Bros.’ theatrical releases and said they expect an approval process that could take 12 to 18 months if regulators clear the deal.
- Hollywood guilds and exhibitors warned the combination could weaken theatrical windows and jobs, while experts predict tough DOJ/FTC and international reviews over market share and control of premium franchises.