Netflix isn’t buying Warner Bros, Paramount is
See all Stories
E
David Ellison pitches Paramount’s $108 billion hostile bid for WBD as “pro consumer.”
After launching a hostile bid for the entertainment giant, Paramount’s Ellison told CNBC that Netflix’s deal to buy part of WBD would create a company with “unprecedented market power:”
When you combine the number one streamer with the number three streamer, that creates a company that has unprecedented market power, north of 400 million subscribers. The next largest competitor is Disney, with just under 200 million. That’s bad for Hollywood, that’s bad for the creative community, that’s bad for consumers.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- Anthropic’s most dangerous AI model just fell into the wrong hands
- Sony’s PlayStation 5 is $200 off for the first time since December
- The unraveling of Dan Crenshaw
- Elon Musk admits that millions of Tesla vehicles won’t get unsupervised FSD
- Framework is building a better couch keyboard because everyone hates the Logitech one
