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WB+Netflix=$82.7 billion shocker!

TheBigA said:
The president said today that CNN should be sold because the people running it now are terrible:

www.nbcnews.com

Trump says CNN should be sold as part of any Warner Bros. deal

The president's comments are notable because the proposed deal with Netflix wouldn't include cable channels owned by Warner Bros. Discovery, such as CNN and TNT.
www.nbcnews.com www.nbcnews.com

The truth is he doesn't like any news organization. He has a lawsuit against Rupert Murdoch. So it really doesn't matter.
Click to expand...
actually, what Trump wants is what all Dictators have, having the media be "State run" and be nothing but state-sponsored propaganda. and media companies with his ties are 100% de fact "State run media" where they are spreading his propaganda around pretending to be news. he's following the Putin playbook.
 
WBD stockholders haven't been offered any money for their shares. The Netflix offer is to WBD directly. So what seems to be happening is that WBD stockholders under the Netflix deal will get shares of Discovery Global. Paramount is offering to buy WBD stock. That's the choice. Do stockholders want to sell or hold their WBD stock.
 
TheBigA said:
WBD stockholders haven't been offered any money for their shares. The Netflix offer is to WBD directly. So what seems to be happening is that WBD stockholders under the Netflix deal will get shares of Discovery Global. Paramount is offering to buy WBD stock. That's the choice. Do stockholders want to sell or hold their WBD stock.
Click to expand...
How likely do you see Paramount acquiring WB successfully?
 
TheBigA said:
WBD stockholders haven't been offered any money for their shares. The Netflix offer is to WBD directly. So what seems to be happening is that WBD stockholders under the Netflix deal will get shares of Discovery Global. Paramount is offering to buy WBD stock. That's the choice. Do stockholders want to sell or hold their WBD stock.
Click to expand...

I now see that WBD shareholders will in fact receive $23.25 in cash as well as $4.50 in Netflix stock per share, as well as retaining shares of Discovery Global. The company also says it would face more than $4 billion in penalties to Netflix that would lower the value of the company stock.

tall_guy1 said:
How likely do you see Paramount acquiring WB successfully?
Click to expand...

The tender offer from PSKY expires today, 1/21. That means all WBD stockholders must commit by today. At that point PSKY will know how many shares it has, and if it has enough to force a vote. I have no idea what the stockholders will decide.
 
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The thing about the Ellisons is while they may be multi-billionaires, not all of their money is liquid. It's tied up in other investments, and turning it into cash might lead to penalties for early withdrawal or capital gain taxes. So there are limits to how much access they have to their own money.

Meanwhile, WBD says 93% of their stockholders have rejected the PSKY offer. So far, PSKY's tender offer has only netted them 6.8% of the stock. So they've extended the offer to Feb 20.


WBD says they're moving forward with the sale to Netflix, and may hold a vote in February.
 
Certainly bad news for movie theater owners as Netflix will decrease the length of time for the theater run of WB movies to only 17 days.

I haven't stepped inside one of the chain movie theaters since 2020. Are they mostly empty nowadays?

geektyrant.com

Netflix Is Pushing for a 17-Day Theatrical Window After Warner Bros. Deal, and Theaters Aren’t Happy — GeekTyrant

Late last year, the entertainment industry was rocked by the news that Netflix had officially acquired Warner Bros. Discovery in a deal reportedly valued at $82.7 billion. It was the kind of seismic shift that instantly sparked anxiety across Hollywood, especially among movie theater owners who saw
geektyrant.com geektyrant.com
 


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