What would an America First president say about it? Burkas for everyone!
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Paramount Skydance wants WBD
- Thread starter michael hagerty
- Start date
What would an America First president say about it? Burkas for everyone!
The Saudis want in.
Saudis Buying Warner Bros. Discovery Is ‘One Signature Away’ Says Hollywood Producer - Cosmic Book News
Producer Patrick Caligiuri says Saudi Arabia is “one signature away” from buying Warner Bros. Discovery, putting a massive Hollywood shake-up in motion.cosmicbook.news
While I wouldn't mind the Saudis owning the movies that much, I would mind the Saudis/Paramount changing the behavior of CNN. And I *certainly* mind Paramount (at the instence of you-know-who) becoming the dominant force, if not a downright monopoly, in the commercial news media space.
After the visit yesterday with the crown prince we might be close.
Cosmicbook News?
A more likely scenario, Ellison getting funding from the Saudis, was reported by Variety Monday (one day after...Cosmicbook News?...went with the Saudis buying it outright). Variety printed Paramount's denial yesterday morning:
variety.com
Not saying the Saudis couldn't buy just about anything and that the current administration wouldn't grease the deal for them, but funding is a lot more likely than buying outright.
This, by the way, is the resume of "Producer Patrick Caligiuri", who is Cosmicbook News(!) source:
Not exactly an A-list insider.
A more likely scenario, Ellison getting funding from the Saudis, was reported by Variety Monday (one day after...Cosmicbook News?...went with the Saudis buying it outright). Variety printed Paramount's denial yesterday morning:
Paramount Skydance Denies That Its Warner Bros. Discovery Bid Involves Arab Sovereign Wealth Funds
Paramount has formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a $71 billion bid for WBD.
variety.com
Not saying the Saudis couldn't buy just about anything and that the current administration wouldn't grease the deal for them, but funding is a lot more likely than buying outright.
This, by the way, is the resume of "Producer Patrick Caligiuri", who is Cosmicbook News(!) source:
Not exactly an A-list insider.
They seem to prefer funding things rather than operating things. That may bring in foreign ownership laws, depending on what's involved.
Trump is accepting a few billion from them so I don’t think it matters anymore.
Meantime, there's this. Essential pull-quote:
www.theguardian.com
Larry Ellison discussed axing CNN hosts with White House in takeover bid talks
Exclusive: Senior officials indicated favorability toward Paramount Skydance acquiring Warner Bros Discovery
Meantime, there's this. Essential pull-quote:
Larry Ellison discussed axing CNN hosts with White House in takeover bid talks
Exclusive: Senior officials indicated favorability toward Paramount Skydance acquiring Warner Bros Discovery
This is so wrong on so many levels! Paramount becoming a communications monopoly (or near monopoly). The President of the U.S. requesting that certain of his critics be taken off of the air. America, wake up!!
If anyone should be concerned about Ellison and CNN, it's Murdoch and the folks at Fox News. CNN has consistently been the lowest rated news network. Any changes there really won't matter to anyone. The president has demonized CNN and the news media to the point where whatever they say is being questioned, which is good. People should be questioning the news, no matter where it comes from.
They’ve been the lowest rated but that doesn’t mean their ratings couldn’t fall even lower. Imagine repeats on CNN of 60 Minutes or CBS Evening News every weeknight at 7 pm instead of Erin Burnett.
Hmmm...looks like there isn't a frontrunner as of now. Interesting. Thought Paramount had it in the bag.
I feel like it’s best if Netflix buys them. Assuming they’d get the cable channels too, they could bring new life to them
AT&T acquired Time Warner in 2018 just to get WB (they sold Time off). So that's not so much Warners being sold as Warners being bought.
Four years later, analysts told AT&T its stock price would improve if it focused on its core telecom business, so it spun Warners into its own company (largely owned by AT&T stockholders), which merged with Discovery. And that was also a case of a company wanting WB---another case of someone wanting to buy Warners.
Zaslav wasn't looking to sell Warners---his plan was to spin everything except WB and HBO Max off into its own company, not unlike Versant...but once other companies expressed interest in the whole, fiduciary responsibility kicks in and Warner Bros. Discovery has to consider if a sale is in the best interests of shareholder value.
There's a big difference between putting an asset up for sale to raise cash or pay down debt and to have people offering you money without a "for sale" sign on something.
Nope. Netflix doesn't want them. Essential pull-quote:
Comcast and Netflix are reportedly interested in buying Warner Bros.' streaming service, HBO Max, its movie and television studio, and its content library. Crucially they are not interested in purchasing all of Warner Bros.' TV channels, which include CNN, TBS and TNT, among others.
Netflix has made a cash bid for WBD
www.hollywoodreporter.com
Warner Bros. Empire Hangs in the Balance As Second Round Bids Arrive
Comcast, Netflix and Paramount submitted their revised offers Monday, including an almost all-cash deal from Netflix, and a cash deal from Paramount backed by Apollo and Middle East funds.
www.hollywoodreporter.com