Paramount, Netflix and Warner Bros.
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Hollywood filmmakers, executives and theater owners aren't optimistic about the future of movies under Paramount's Warner Bros.
Paramount became a live-sports juggernaut. Netflix got an extra $2.8B to spend. And the NFL sees a wide-open green field.
Warner Bros. Discovery's board of directors described Paramount Skydance's latest acquisition offer as "superior" to Netflix's current bid.
Fitch Ratings downgraded Paramount Skydance's credit rating and debt to junk status in the wake of the deal to acquire Warner Bros. Discovery.
A months-long bidding contest for Warner Bros. Discovery has come to an end after Netflix declined to match a higher offer from Paramount Skydance.
The Ellisons and their team began plotting their comeback in December, the morning after Netflix clinched its deal to buy Warner Bros.
The co-CEO pulled back the curtain on the stunning events of the past week that led to David Ellison prevailing with a sweetened $111 billion deal to merge two of Hollywood's last remaining legacy studios.