company
Global media and entertainment company behind CNN, HBO, Warner Bros. film/TV studios, and other cable and streaming brands.
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Warner Bros.' Digger opened to $20 million worldwide against up to $250 million in production and marketing spend. It lands days before Paramount Skydance takes control of the studio, whose new owners will decide what kind of films Warner makes next.
Reality
Paramount is set to close its $110 billion Warner Bros. Discovery merger on October 6 as Skydance, under a settlement requiring 30 theatrical films a year. Households paying for both HBO Max and Paramount+ keep two apps for now, with no announced price or date for the merged service.
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Paramount's settlement with 12 states won court approval on Sept. 30, clearing the last legal hurdle to its roughly $111 billion Warner Bros. Discovery deal. The states' price is a consent decree adding at least $300 million a year of US film production spending, about 0.27% of the deal's value.
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Netflix co-CEO Ted Sarandos calls growth too slow with engagement up 2%, while about $1 billion of a $20 billion content budget goes to live shows. He says that money is for winning and keeping subscribers and selling ads, so hours watched is the wrong test of it.
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Netflix is ending its six-year production deal with David Fincher, the arrangement behind Mank and The Killer. Shawn Levy and the Duffer brothers have also gone, though the director deals Netflix keeps suggest it is choosing fewer, bigger bets.
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Paramount Skydance made Mattel's Ynon Kreiz co-CEO in charge of operations and its $110 billion Warner Bros. Discovery integration. He brings a career built in television long before Barbie to a combined company carrying $52 billion of debt.
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Paramount Skydance will owe $30 million for each film below its 30-a-year floor under the settlement that cleared its nearly $111 billion Warner Bros. deal. The fine starts with the 2027 slate and carries more weight than the threatened Miramax sale, which the company could put off into 2029.
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Paramount settled the 12-state antitrust suit over Warner Bros. Discovery by pledging 30 films a year for five years, at $30 million per film it misses. Against a $6 billion synergy target, the bar on bundling CNN and HBO in cable talks looks like the harder limit.
Reality
Paramount named Mattel's Ynon Kreiz co-CEO alongside David Ellison shortly after a judge approved its 12-state settlement over the $81 billion Warner deal. Both chief executives take over a studio whose operating plan now has to fit the terms 12 states negotiated and a federal judge approved.
Reality
The long end and the front end rose together while equity volatility sat near its lows for the year. Anyone with floating-rate debt or a refinancing window should reprice assumptions now.
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Hudson Rock and ADAMnetworks link the ads to an operation they call PasteSwitch, which hands Windows and macOS visitors different paste-this-command lures and swaps payloads on the backend depending on who arrives.
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Paramount Skydance is readying new Paramount+ features to lift engagement and revenue as it finalizes its $110 billion Warner Bros. Discovery deal. Internal documents describe the free tier as a registration funnel meant to turn samplers into paying subscribers at a service struggling with churn.
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Paramount says the sovereign wealth funds of Saudi Arabia, the UAE and Qatar will take its indirect foreign ownership to 49.5 percent. The FCC approved that. The purchase of Warner Bros. Discovery still waits on a March antitrust trial.
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The Los Angeles Times reports Google is offering hundreds of millions for studio libraries plus a slice of YouTube ad revenue, which tells Disney, Warner Bros. Discovery and Universal what their blessing is worth.
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No agreement has closed, the Los Angeles Times reports, because of legal complexity and how talent and unions would react, which puts the gate on production-grade generative video in the clearance department rather than the research lab.
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States want roughly $200 billion and product changes; Meta says the ask reaches $1.4 trillion. The OpenAI and Ellison stories are real but, as reported, carry no magnitude.
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Diligent Market Intelligence says activity held at H1 2025 levels, settlements were the only real route onto boards, and technology brands were pressed on AI integration and cost rationalization.
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The memorandum covers every ByteDance AI model, including those in CapCut and Dreamina. The terms are undisclosed, so builders get a rulebook they cannot inspect.
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Paramount's leadership and CNN's own president have separately floated the same structure. The audience is a dozen blue-state attorneys general, not the newsroom.
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