The Fight for Warner Bros. Is Paramount's Most Embarrassing Moment Yet
Gizmodo • • business
Key Points:
- Warner Bros. is currently the target of acquisition bids from both Netflix and Paramount, with Paramount's CEO David Ellison persistently attempting to block Netflix's approved deal through lawsuits and shareholder persuasion.
- Despite Ellison's repeated efforts, Warner Bros. shareholders have consistently favored Netflix's acquisition offer, rejecting Paramount's proposals multiple times.
- Ellison's aggressive pursuit of Warner Bros. has raised concerns in Hollywood about potential overreach and influence, especially given his use of family connections and political ties to further his goals.
- Industry observers argue that Warner Bros. would be better off focusing on its successful film slate and independent operations rather than becoming part of a larger corporate monopoly.
- The ongoing acquisition battle exemplifies the broader trend of aggressive
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