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Netflix's latest quarterly earnings reveal a profit shortfall due to a $619 million Brazilian tax expense, breaking a six-quarter profit streak. Despite revenue growth and increased global subscribers, shares fell after the report, amid mixed analyst opinions on the company's future growth and diversification efforts.
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Paramount Skydance is reportedly preparing a $71 billion bid for Warner Bros. Discovery, involving sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi. Denials have been issued, but reports of meetings with Middle Eastern officials suggest potential regional backing. The deal could reshape media ownership amid regulatory and political considerations.
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On December 8, 2025, Paramount Skydance launched a hostile $108.4 billion all-cash bid to acquire Warner Bros. Discovery (WBD), challenging Netflix's $83 billion deal announced last week. Paramount's offer includes WBD's cable assets like CNN, unlike Netflix's bid. Backed by Larry Ellison and Middle Eastern sovereign wealth funds, Paramount argues its bid offers greater regulatory certainty and benefits Hollywood's theatrical industry. President Trump signaled involvement in the regulatory review, citing competition concerns over Netflix's market share.