Opponents of the Netflix-Warner Bros. deal take fight to Europe
Sherwood News • • business
Key Points:
- Opponents of Netflix’s $83 billion acquisition of Warner Bros. Discovery (WBD), including Paramount Skydance CEO David Ellison, are intensifying lobbying efforts in Europe, meeting with industry leaders and regulators in France, the UK, and Germany.
- US legal challenges against Netflix are facing setbacks, with a Delaware judge dismissing Paramount’s motion to expedite its lawsuit against WBD, while Paramount’s $30-per-share offer on WBD is set to expire on January 21.
- Netflix co-CEO Ted Sarandos reassured theater owners by confirming that Warner Bros.’ theatrical distribution will continue with 45-day release windows, which led to a rise in AMC and Imax shares.
- Reports indicate Netflix plans to improve its W
