Netflix, Warner Bros.
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Paramount Launches Hostile Warner Bros. Bid
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Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.
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Netflix Co-CEOs Say Paramount-Warner Bros. Deal Will Lead to Job Losses: 'We're Not Cutting Jobs'
Netflix co-CEOs Ted Sarandos and Greg Peters took aim at Paramount's "entirely expected" hostile takeover bid for Warner Bros. Discovery on Monday, arguing that David Ellison's $6 billion cost savings target would result in job losses.