Netflix Is Now Officially $2.8B Richer, Thanks to Paramount/WBD Deal
By Anonymous | Updated 02/27/26(Fri)17:30:17
While Warner Bros. Discovery (WBD) CEO David Zaslav was trying to reassure the troops that its potential merger with David Ellison's Paramount Skydance was a good thing (more on that below), Netflix is actually doing quite well for itself. Along with getting a whole lot of love from Wall Street, the streaming service is now $2.8 billion richer, courtesy of Paramount Skydance. In its SEC filing, Netflix noted that WBD "provided notice to Netflix that it had terminated the Merger Agreement in accordance with its terms in order to enter into an Agreement and Plan of Merger with PSKY in respect of such Company Superior Proposal." In the streamer's original agreement with WBD, the multi-billion-dollar fee was to be paid by WBD to Netflix should the agreement be terminated. With that scenario becoming a reality on Thursday, Paramount Skydance stepped in to cover the fee.
Earlier today, Zaslav was reportedly joined by Chief Revenue and Strategy Officer Bruce Campbell and CFO Gunnar Wiedenfels for a town hall meeting for WBD employees earlier today. Based on a leaked audio recording shared with Business Insider), Zaslav claimed that WBD is "the envy of all of the industry," adding that he thought WBD and Paramount "can be a great company. We're getting bigger, and we're getting stronger." The man who botched WBD's NBA deal noted that the deal with Ellison "all happened very quickly," and that it "feels a little whiplash-y," with the WBD board still "getting our bearings."
https://bleedingcool.com/tv/netflix
Ideally I think there should have been something like one service where you could watch anything. Service may be the wrong word though. Then the creators should get money based on what's actually good, meaning if you start to watch something, even if you watch a whole movie and thought it was complete fucking trash, it shouldn't get a dime. The shows and movies you like you give money to, either just voluntarily, which could work given the right culture, or something where you allot your monthly payments to the things you liked or thought were good. Something like this could make piracy obsolete, and stop the enshittification of media. >>12814086
this is kind of a millennia-old dilemma: how does a society best support artists? and really that's part of an even broader question about how to fairly apportion resources to people. solutions like the one you've suggested seem to boil down to "money but more complicated" which don't seem to have proven very popular. everything should just be on youtube >>12814086
ur so close 2 getting it right, money shouldnt b involved at all. art with a profit incentive is just content, you'll never get good art under a framework that keeps capital breathing down peoples necks. nobody will make slop for money if money isn't involved, the quality issue solves itself when cash is out of the equation.
basically im saying all we need is communism.
Your fortune: Good news will come to you by mail >>12814139
>"money but more complicated" which don't seem to have proven very popular.
Yeah, I mean if you need to make deliberate payments every time that would definitely be bad. Maybe a rating system, or buttons you could press both if you really liked it and wanted to support it and if you hated it and didn't want to give a dime to it, combined with automatically based on what you watch. But also I think feeling like you're getting to support and show what you like and dislike could be a big thing that people would actually enjoy. >>12814270
That may be a good point. But the thing is you need money to make stuff. As it has become now, the money is given based on who they think will make them rich.
The way I see it the future it's not greedy assholes who control the money, it's the people. The people may still want to watch a lot of crap though. >>12814031
Zaslav has to be one of the worst CEOs of all time. How do you fuck up something like WB, which is one of the biggest and longest running Hollywood studios with a fuckton of IPs under your umbrella. It's hard to imagine what an incompetent jackass you have to be to fuck up such an easy win. So now he's going to basically erase a Hollywood icon and he'll walk away with a multi-million dollar golden parachute. What a fucking loser. My nigger no one cares >>12814488
>good goy.... just keep "not caring" as power and wealth are all consolidated into a small handful of megacorps and everything continues to get worse for you and the rest of the goycattle... btw we're gonna have to raise our streaming subscription prices again to $400/month... you understand, right? ;) >>12814498
whom quotey
Your fortune: Godly Luck Didn't read anything itt
I pay 10 bucks a month for an illegal service that has all streaming platforms plus cable tv >>12814086
I like that idea in theory, but real life isn't completely like that.
We've all seen the horrible, mass-produced slop aimed at kids on youtube (way before AI, the brightly colored, exaggerated, eye-candy videos) and that's because they generate money from views and such.
I had some normalfig friends growing up who like that sort of content, who defended those sort of youtubers with the argument that "if there's demand for that sort of content, they'll be supply," which i don't necessarily disagree with. Sure, I'd love to see all that content washed away, but truth is, the critical mass of people don't care. >>12814520
>unlike you i only pay pennies to stuff my mouth with shit >>12814528
honestly i only have it for the weekly sportsball game >>12814520
>paying money
>to pirate
u wot >>12814709
try pirating live sportsball for free it's a hassle
sometimes you got to leave it to professionals >>12814725
stop watching niggerball >>12814031
Did David Ellison really just pay 110 billion dollars for a bunch of movies from last century? just don't watch entertainment
go to the library
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