Paramount Promises $6 Billion in Cost Savings Acquiring Warner Bros. Discovery
Paramount Skydance said it would seek $6 billion in cost synergies after acquiring Warner Bros. Discovery. The media giant Dec. 8 submitted a hostile $30-per-share offer for WBD — after the later Dec. 5 approved a $27.75-per-share offer from Netflix for its studio and streaming assets only. Speaking on an investor call after its bid, … Continue reading “Paramount Promises $6 Billion in Cost Savings Acquiring Warner Bros. Discovery”
The post Paramount Promises $6 Billion in Cost Savings Acquiring Warner Bros. Discovery appeared first on Media Play News.
Universal Pictures/Blumhouse horror sequel Five Nights at Freddy’s 2 didn’t disappoint, selling an estimated $63 million in tickets across North American screens. Featuring returning stars Josh Hutcherson, Elizabeth Lail and Piper Rubio and again based on the video game franchise, the sequel’s opening dropped almost 22% below the 2023 original’s $80 million debut — the … 
With a loud chorus of naysayers to the announced $82 billion merger between Netflix and Warner Bros. Discovery’s studio and streaming assets, including actress Jane Fonda, co-star of the streamer’s acclaimed sitcom “Grace and Frankie,” who called the deal “catastrophic,” a Wall Street analyst believes the deal has zero chance of making it to the … 
The Paramount+ streaming service Dec. 5 announced it has renewed its original series “Landman” for a third season. “Landman” is currently in the midst of its second season, which debuted Nov. 16, and according to Paramount+ is one of the top-viewed streaming series, prompting the renewal. The season two premiere garnered more than 9.2 million … 
Sony Pictures Home Entertainment’s faith-based feature Soul on Fire is available now on digital and will be released on DVD Dec. 9. The family-friendly story stars Joel Courtney, John Corbett, Stephanie Szostak, Masey McLain, DeVon Franklin, and Academy Award winner William H. Macy. Directed by Sean McNamara (Soul Surfer, Reagan), Soul on Fire shares the … 
George Michael: Portrait of an Artist, a 2023 feature documentary directed by Simon Napier-Bell, the former Wham! manager, will be released on Blu-ray Disc and DVD Dec. 12 from MVD Entertainment Group and Synergetic Distribution. Told through candid, unscripted interviews with more than 40 friends, collaborators, and admirers — including Stevie Wonder, Stephen Fry, Kenny … 
The fifth and final season of “Stranger Things” generated the biggest premiere week ever for an English language show in the history of Netflix, amassing 59.6 million views through Nov. 30, securing both the No. 1 spot overall and on the English language TV chart. The new season made it into the Top 10 in … 
The 1978 Korean horror drama Splendid Outing will be released on Blu-ray Disc Dec. 9 from MVD Entertainment Group and Radiance Films. Following a dream about her dead twin sister, thriving corporate tycoon Gong Do-hee (Yoon Jeong-hee, Poetry) takes a drive to the seaside. But her splendid outing becomes a nightmarish one when she is kidnapped … 
Walt Disney Animation Studios’ Zootopia 2 lived up to the hype, generating a massive $556 million in global ticket sales across the extended Thanksgiving weekend (Nov. 26-30), including $156 million across North American screens. The movie, featuring voice actors Ginnifer Goodwin, Jason Bateman and Oscar-winner Ke Huy Quan, among others, was a big hit internationally, … 