Paramount set to acquire WBD after Netflix pulls out
The deal, pending regulatory approval, would create an advertising behemoth.
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The deal, pending regulatory approval, would create an advertising behemoth.
Execs reassured investors and analysts that it’s not moving away from theatrical releases if the deal, which it views as a “strategic accelerant,” goes through.
The deal, which will bring lucrative franchises like “Game of Thrones” and “Stranger Things” under the same roof, is set to reshape Hollywood.
Commissioner Anna M. Gomez emphasized the danger of “unfettered media consolidation” as the agency voted to seek public comment on media ownership limits.
While other media giants prepare to spin off their cable channels, Disney execs have signaled that the House of Mouse plans to stay in the linear biz.
Everyone’s breaking up (their businesses).
The commission may change a rule that stops entities from owning TV stations that can reach more than 39% of the national audience.
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