Neil
๐ค SpeakerAppearances Over Time
Podcast Appearances
But in the foreseeable future, they are going to tap Google because they just can't do it themselves.
All right, moving on.
On Sunday night, entertainment moguls sip champagne with each other at the Golden Globes.
By Monday morning, they were back to beefing over the industry's crown jewel.
Yesterday, Paramount ramped up its pursuit of Warner Brothers Discovery with a two-part attack.
One, it said it would launch a proxy fight to take control of the board, nominating directors that would favor a Paramount acquisition.
Second, it sued Warner to force it to be more transparent in how it values certain parts of its business, making shareholders more informed.
It's been a minute since we talked about this bidding war, so here's a 30-second debrief.
Since the summer of last year, Paramount has been desperately trying to acquire Warner Brothers Discovery, the Hollywood giant home to the Warner Brothers Movie Studio, the streaming service HBO Max, and cable networks like CNN and TNT.
But in December, Netflix came in from the top rope with an offer that Warner agreed to, snubbing Paramount.
Paramount has not taken no for an answer, launching a hostile bid that takes its offer directly to shareholders, which is ongoing.
After being rejected even more times by the Warner board, Paramount is now attempting even more drastic options like taking Warner to court and mounting a boardroom coup.
Toby, this is all becoming more stressful than Marty Supreme.
Discovery is looking at Paramount and saying, why are you so obsessed with me?
They launched bid after bid and they've rejected it every single time.
And the answer is that Warner Brothers Discovery is a very successful company at producing movies and TV shows.
It is a huge reward for either Netflix or Paramount, whoever gets it.
Just go back to the Golden Globes Sunday night.
It scored nine wins at the Golden Globes, the most of any company, including for the movie's
one battle after another and sinners it also hbo has the tv shows the pit and hacks which also won awards so wonder brothers discovery is a very valuable asset that both these companies are trying to get netflix is certainly in the lead right now what wonder brothers discovery's board has said is paramount we'll consider your offer against netflix's right now we don't think it's