David Folkenflik
👤 SpeakerAppearances Over Time
Podcast Appearances
Netflix wants to take over HBO Max, Warner Brothers Studios, the back catalog, and intellectual property like Harry Potter and DC Comics.
Warner's board has already accepted the revised bid, but Paramount is making its case directly to Warner shareholders.
Paramount's offer of $108 billion would take everything, including CNN, TBS, and other cable channels.
Paramount already owns Paramount Pictures, Paramount Plus and CBS.
A wild card President Trump wants to say and how the transaction turns out.
Paramount is financially controlled by two Trump allies, David Ellison and his father, Oracle co-founder Larry Ellison.
Trump trashes CNN, but it's been critical of CBS News under the Ellisons, too.
And Netflix executives have been cozying up to the president.
CBS editor-in-chief Barry Weiss told 60 Minutes the day before that segment was to air that she wanted its journalists to get a White House official to answer questions on tape.
Despite the intervening month, no administration official sat for an interview.
Sunday's resulting report closely tracked a leak of the December version that was mistakenly distributed through a Canadian streaming service.
The new segment reflects more written comment from the administration.
Sunday's episode also includes a segment about confrontations between ICE agents and protesters in Minneapolis over deportations.
It includes interviews with the city's police chief, who is critical of ICE, and with the agency official who oversees deportations.
Larry Ellison is the co-founder of Oracle and one of the world's richest people.
He agreed to personally guarantee $40 billion of his offer, valued at more than $100 billion.
With his son, David Ellison now has a controlling stake in Paramount, which owns CBS and Paramount Plus Streaming.