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Paramount Says $6 Billion in Expected Cost Synergies Acquiring WBD Will Not Include Layoffs or Content Production Reduction

Following the $110.9 billion enterprise value acquisition of Warner Bros. Discovery, Paramount Skydance is facing $79 billion in net debt upon closing of the massive media transaction. To help cut that debt, Paramount is eyeing upwards of $6 billion in cost synergies over the first three years of the merger — cost cutting that will … Continue reading “Paramount Says $6 Billion in Expected Cost Synergies Acquiring WBD Will Not Include Layoffs or Content Production Reduction”
Jason Statham Actioner ‘Shelter’ Tops Weekly Fandango at Home Chart Through March 1

The Jason Statham actioner Shelter led the chart of the top 10 titles on Fandango’s transactional digital service Fandango at Home for the week ended March 1. In the action thriller, available for premium digital rental and sale, Statham plays a former British government assassin living in isolation off the coast of Scotland who is forced back into violent confrontation … Continue reading “Jason Statham Actioner ‘Shelter’ Tops Weekly Fandango at Home Chart Through March 1”
Netflix’s Ted Sarandos: We Were Dealing With ‘Unusual, Irrational’ Competitor in WBD Sweepstakes

On the heels of Netflix declining to match Paramount Skydance’s $31-per-share all-cash ($110.9 billion equity value) bid for Warner Bros. Discovery, Netflix co-CEO Ted Sarandos says the decision to walk away was not a difficult one. “We definitely wanted this asset; We didn’t need it,” Sarandos told Bloomberg News in an interview. Paramount is now … Continue reading “Netflix’s Ted Sarandos: We Were Dealing With ‘Unusual, Irrational’ Competitor in WBD Sweepstakes”