Netflix, Paramount and WBD
Digest more
Paramount is calling foul in the Warner Bros. Discovery sale process, accusing the company of running an unfair process — one that it thinks favors Netflix. It has become increasingly clear, through media reporting and otherwise,
Lawyers for Paramount Skydance sent a letter to Warner Bros. Discovery CEO David Zaslav, expressing "grave concerns" about the alleged unfairness of WBD sales process. The attorneys suggested the Warner Bros.
The David Ellison-led studio questions whether the bidding has been "tilted" and suggests Netflix has been receiving more favorable treatment so far in the auction.
17hon MSN
Paramount questions ‘fairness and adequacy’ of WBD auction process after reports Netflix may win
Netflix has made a mostly cash offer to purchase the Warner Bros. studio and HBO Max, while Paramount has submitted an all-cash bid for the entire company, The Post previously reported.
Subscription-based streaming services have become the new way by which people consume the majority of their media.
Seeking Alpha's roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks. Read more here.
While Netflix (NFLX) is reportedly the leading bidder in its offer to acquire Warner Bros. Discovery's (WBD) studio segment, according to CNBC, Paramount Skydance (PSKY) called the bidding process "tainted" in a new letter to WBD CEO David Zaslav.