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FCC Chairman Brendan Carr tells CNBC that Paramount's bid to buy Warner Bros. Discovery is "cleaner" than Netflix's, adding he expected it to be approved "pretty quickly.
Credit rating agency Fitch Ratings downgraded Paramount Skydance and Paramount Global's ratings to junk status late on Monday following the media company's proposed acquisition of Warner Bros Discovery.
Paramount (PSKY, Financials) was downgraded to junk status by Fitch Ratings after agreeing to acquire Warner Bros Discovery (WBD, Financials), a move expected t
FCC Chairman Brendan Carr told CNBC on Tuesday that Paramount's offer to buy Warner Bros. Discovery is a "good deal" that will be approved "quickly.
U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount's $110 billion deal to buy Warner Bros and played down competition concerns over a combination of CBS and CNN, the Financial Times reported on Tuesday.
The $81 billion deal for Warner Bros. Discovery is highly complex and poses credit risks, Fitch Ratings said.
Stock News Oil surge hits travel, lifts energy: As the Strait of Hormuz faces attacks and insurers pull coverage, oil jumped ~6% and diesel spiked, pressuring a
A plan by Paramount CEO David Ellison to combine Paramount+ and HBO Max into a single streaming service will allow nearly 8 million Americans currently paying for both services to drop a subscription, according to Antenna data.
Beyond the headlines out of Iran and crude oil's volatile upside move, Marley Kayden and Sam Vadas turn to other notable takeaways from Monday's session. Among them: consolidation in Warner Bros.
Billionaire Paramount Skydance chief announces plan days after winning takeover battle for Warner Bros Discovery
HBO Max and Paramount+ collectively reach over 200 million subscribers worldwide, which is more than Disney+, nearly on par with Amazon's Prime Video and just behind Netflix.
Following the surprising news that Netflix had withdrawn its bid to acquire Warner Bros. Discovery (WBD), Paramount Skydance stepped in to purchase the company.
Paramount Skydance CEO David Ellison's $6 billion in planned cost cuts as part of a merger with Warner Bros. Discovery has triggered fears of devasting layoffs as two of Hollywood's largest studios and streamers move to combine, according to reports.
Paramount executives stressed today that once merged with Warner Bros. Discovery, the company combined has no plans to unload any legacy cable networks. CEO David Ellison and COO and Chief Strategy Officer Andy Gordon were asked about that several times by analysts on a call.
Paramount Skydance has a good feeling about European approval for its $111B takeover of Warner Bros. Discovery (WBD). Andy Gordon, Par's Chief Strategy Officer and Chief Operating Officer, told Wall Street analysts that his company had “already made significant progress in securing regulatory clearances globally” prior to the WBD dramatically deal closing last week.
HBO Max and Paramount+ will be combined into one streaming platform if Paramount Skydance's acquisition of Warner Bros. Discovery gains regulatory approval, Paramount Skydance CEO David Ellison said Monday during a call with investors.
Paramount Skydance is set for a transformative merger with Warner Brothers Discovery after Netflix exited the bidding. The merger offers franchise expansion and streaming scale, but risks include a $71B debt load and the uncertain health of Warner's franchises. Paramount's AI-driven ownership structure introduces unique margin call risks tied to Oracle stock volatility.
Paramount CEO David Ellison says the company's pending merger with Warner Bros. Discovery will give it the scale it needs to compete with Netflix.
Paramount Skydance CEO David Ellison said on Monday its deal for Warner Bros will leave the combined company with about $79 billion in net debt and that there were no plans to divest or spin off any of the cable assets at this time.