Right now, there are multiple companies in the middle trying to acquire Warner Bros. Discovery. It started with a ton of bids, and then Netflix won out, but now Paramount Skydance, led by David Ellison, is attempting a hostile takeover by offering a higher shareholder price. And after all this happens, we still need a governmental regulatory committee to approve whoever emerges as the victor. But with all this drama happening, Paramount is still trying to sweeten their deal to amp up vocal public support and sway the WBD board to take their bid instead of Netflix. Let's dive in. The Theatrical PleaAccording to a report from Deadline, David Ellison got on the phone and stated his case for why Paramount should win this bid. He said, “...The Writer’s Guild of America have already issued a statement that a deal must be blocked. Hollywood legends, like James Cameron and Jane Fonda have spoken out, describing the (Netflix) deal as a disaster for theatrical films. Paramount’s proposal provides vastly superior certainty and projections for WBD’s shareholders and the Hollywood community.”Ellison continued, “Paramount is committed to growing the film and TV output of both businesses, including a theatrical slate of 30 plus theatrical releases per year. We’re going to satisfy the needs of the moviegoing public." This is all based on what sources have told Deadline, which is that Netflix is pushing a 17-day exclusive theatrical window instead of the 45-day window, which theaters and traditional studios love. That gives movies way...
Published By: NoFilmSchool - 2 days ago