'%20x='0'%20y='0'%20height='100%25'%20width='100%25'%20%0A%20%20%20%20%20%20%20%20%20%20xlink%3Ahref='data:image/jpg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAAGAAoDASIAAhEBAxEB/8QAFgABAQEAAAAAAAAAAAAAAAAAAAYH/8QAHhAAAgEEAwEAAAAAAAAAAAAAAQIDAAQFEQYxQRL/xAAVAQEBAAAAAAAAAAAAAAAAAAABA//EABoRAAICAwAAAAAAAAAAAAAAAAECABEhMYH/2gAMAwEAAhEDEQA/AMV4Tl8bjba/jyGNW6d1+kk0CV14d+VLzujzyOqBFZiQo6Ub6pSrkBFDDZ7C7xP/2Q=='%3E%3C/image%3E%3C/svg%3E)
Warner Bros., which is among the largest studios in Hollywood, hit the headlines after it officially turned down an acquisition offer by Paramount, a newly formed entertainment colossus, with Skydance.
Warner Bros. Discovery CEO David Zaslav is also among the key participants in this business drama since he reckons that the long-term value of the huge film collection and the streaming projects owned by the company is much higher.
Though the company has declined the offer of Paramount at $20 per share, it isn’t the end as Paramount is likely to make amendments in its offer.
More about Warner Bros. and Paramount’s First Acquisition Bid
Reportedly Warner Bros. has rejected the initial buyout offer by Paramount due to it being too low and premature. The acquisitions as proposed would have formed one of the biggest entertainment groups in history - Paramount Pictures, CBS, Nickelodeon, and Paramount+ with the colossal portfolio of Warner Bros. Studios, HBO, CNN, DC Entertainment, and Discovery networks controlled by the Warner Bros. Discovery.
Paramount, which merged with Skydance earlier this year, has enhanced its financial foundation and creative performance, which has resulted in plans to increase its presence on an international level.
The unlocked intellectual property of Harry Potter and DC comics or Game of Thrones and Friends would be treasure trove if Warner Bros. is acquired. Nevertheless, according to the reports, Warner Bros. is not keen on ceding these brands as it tries to expand Max, its high-end streaming service, which currently incorporates Discovery+ content in a number of territories.
Warner Bros. executives are on record believing that the company has long-term potential, such as the increase in streaming revenues, global growth, and the availability of valuable franchise pipelines, which should attract a much higher valuation. The refusal to accept the proposal made by Paramount does not mean the end of the dialogue but preconditions the beginning of a fierce bidding war since other media participants can also be interested in the consolidation of content empires.
This action highlights the current trend of an increasingly popular entertainment sector: the traditional studios and streamers are coming together to compete with the global corporations, such as Netflix, Disney, and Amazon.
More About Warner Bros.
Trending
Warner Bros. Discovery is among the strongest entertainment firms in the world, operating in film, television and digital media. Its flagship streaming platform, Max, is an amalgamation of the prestige programming provided by HBO, as well as the films by Warner Bros., and lifestyle content by Discovery. The levels of subscriptions vary with ad-supported to premium 4K ad-free, and this presents flexibility to the viewers.
At the film level, Warner Bros. has been producing global blockbusters in the form of franchises like the Dune, The Batman, Barbie and the Harry Potter universe. Its wide range of content combined with the adored TV series such as Euphoria and Succession drives reliable activity on both streaming and theatrical channels.
Love movies? Try our Box Office Game and Movie Grid Game to test your film knowledge and have some fun!
Reply
