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Netflix Stock Walloped As Wall Street Questions Its Post-Warner Path
Netflix stock fell 10% Friday, with many Wall Street analysts raising questions about the company’s strategic direction. The company’s first-quarter results, released after the close of Thursday trading, beat expectations for revenue and earnings, but its financial guidance for the second quarter undershot analysts’ forecasts. That shortfall and the news that co-founder and longtime ex-CEO […] More
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in Acquisitions, David Ellison, Donald Trump, Executives, Greg Peters, Netflix, News, Paramount, Reed Hastings, Ted Sarandos, wbd, WBD Netflix
Ted Sarandos Insists “No Palace Intrigue” Over Reed Hastings’ Netflix Exit & WBD Bid: “Reed Was A Big Champion For That Deal”
If anyone was hoping for an unveiling of sharpened shivs at Netflix‘s upper echelon between the now exiting Reed Hastings and his successors over the abandoned Warner Bros bid, Ted Sarandos has some bad news for you. “Sorry for anyone who is looking for some palace intrigue here, not so,” the co-CEO laughed on the […] More
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in Alex Horne, News, Taskmaster, TVN, wbd
‘Taskmaster’ Expands Global Reach With Polish Version As Alex Horne Says: “This Has Got A Bit Out Of Control”
EXCLUSIVE: Taskmaster’s international rollout is continuing apace, with a local version greenlit by Polish broadcaster TVN. Warner Bros. Discovery-owned TVN’s version of the hit comedy-entertainment format will be produced by Avalon and Constantin. The news comes as several new international Taskmaster series have just launched, with more to come through 2026. The format has an […] More
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in Cindy Holland, David Ellison, Executives, George Cheeks, Jeff Shell, News, Paramount, warner bros discovery, wbd
Paramount Won’t Need To Replace Jeff Shell, Insiders Say
Jeff Shell is unlikely to be directly replaced as president of Paramount, numerous insiders and people who do business with the company tell Deadline. Despite weeks of speculation about Shell’s future amid allegations that he leaked privileged information and possibly violated SEC rules, the news that he was out at Paramount still delivered a jolt […] More
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Paramount Stock Jumps 11% After Middle East Funds’ $24B Investment In WBD Takeover Is Confirmed
Paramount‘s beleaguered stock jumped nearly 11% Tuesday after news of deep-pocketed Middle East backers joining its Warner Bros. Discovery takeover. The shares, which had fallen 20% in 2026 heading into Tuesday’s trading, finished at $10.90 on more than three times their normal trading volume. Several regulatory agencies have approved Paramount’s pending $110 billion deal for […] More
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Paramount Nears Deal Securing Gulf State Funds To Back WBD Acquisition – Report
Paramount Skydance seems to be nearing a deal to secure funding from three Gulf nation sovereign wealth funds to back its proposed acquisition of Warner Bros. Discovery, according to a Sunday report in the Wall Street Journal. Per the outlet, the corporation is seeking signed equity commitments of close to $24 billion, for which Saudi […] More
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David Ellison On Cost Savings, Growth, The Tech Stack & AI As WBD Merger
David Ellison says savings from the Skydance-Paramount merger will significantly exceed the $3 billion initially projected, with $2.5 billion anticipated by the end of this year. And, “We’re in the process of basically converging Paramount+, BET+ and Pluto all into one unified tech stack. We’re going to finish that second quarter of this year,” the […] More
