上周，派拉蒙天舞提出新方案，维持每股30美元现金收购价不变，同时承诺支付奈飞28亿美元"分手 费"、15亿美元华纳兄弟债务再融资费用，若交易未能在2027年1月1日前完成，还将向投资者支付每股 每季度0.25美元的"滞期费"。信息公司TransUnion的媒体与娱乐高级副总裁克拉克称："这次竞标显示， 行业正处于一个拐点：关键在于规模、数据和分发将如何定义媒体的未来。" 对奈飞而言，收购WBD的流媒体与影业业务可弥补《怪奇物语》完结后的IP断档问题，借助该业务旗 下哈利·波特、DC宇宙等顶级IP增强用户留存能力。派拉蒙天舞则可通过合并WBD旗下CNN、TNT体育 等资产，与自身CBS电视台、喜剧中心形成协同效应，实现成本节约。 这场收购战的核心推动者是埃里森家族。派拉蒙天舞首席执行官大卫·埃里森是甲骨文创始人拉里·埃里 森之子，2025年8月天舞传媒以80亿美元收购派拉蒙全球，拉里·埃里森提供60亿美元资金支持。目前大 卫正加速扩张媒体版图，在新闻领域任命韦斯为CBS新闻编辑总监，计划引入更多保守派或中间派声 音，并承诺若收购WBD将全面改革CNN；在体育影视领域，挖走《怪奇物语》创作者，拿下UFC未来 七年 ...

2026.02.20 当地时间2月17日，华纳兄弟探索公司（WBD）宣布重启与派拉蒙天舞的交易谈判，派拉蒙天舞需在2 月23日前提交最终最优报价。 WBD去年拒绝了派拉蒙1084亿美元收购整个公司的方案，转而选择与流媒体巨头奈飞达成830亿美元协 议，仅仅出售流媒体与影业业务。尽管如此，派拉蒙天舞迅速向WBD的股东发起了恶意收购并多次提 高报价，甚至发起诉讼要求WBD解释为何认为奈飞的报价更优。重压之下，奈飞也被迫把此前的现金 加股票的形式改为全现金收购。 目前，WBD称派拉蒙天舞方面已有意将报价提高到31美元/股，但后者尚未公开提高其报价。哥伦比亚 法学院商业教授塔利（Eric Talley）表示："这场堪称史上最'死气沉沉'的企业竞购战，终于该进入实质 性价格争夺阶段了。" 本文字数：1652，阅读时长大约3分钟 作者 |第一财经 程程 关于好莱坞百年老店华纳兄弟的收购之战如今再添变数。 埃里森家族会成为下一个"默多克"吗？ 这场"蛇吞象"的推进离不开派拉蒙背后的埃里森家族。派拉蒙天舞的首席执行官大卫·埃里森是世界第 六富豪、甲骨文创始人拉里·埃里森的儿子。 派拉蒙为何执着"蛇吞象" 数月以来，市值140 ...

Philippe Laffont, a hedge fund manager with an excellent track record, sold Nvidia and bought Netflix in the fourth quarter.Billionaire Philippe Laffont runs Coatue Management, a hedge fund that beat the S&P 500 (^GSPC 0.28%) by 112 percentage points over the last three years. Beating the S&P 500 by any margin over an extended time period is impressive, but outperforming to that degree is astonishing.Laffont made interesting trades in the fourth quarter. He sold 667,400 shares of Nvidia (NVDA 0.11%), a bran ...

Core Insights - Apple is following Netflix's successful strategy by acquiring full ownership of the hit series "Severance," which has garnered significant acclaim and awards [4][7] - The acquisition is part of Apple's broader strategy to enhance its streaming service by focusing on original content and premium programming [10][11] Group 1: Acquisition Details - Apple acquired the rights to "Severance" from Fifth Season for approximately $70 million, retaining the original creative team [4] - "Severance" has been a major success for Apple TV, receiving 27 Emmy nominations and winning eight awards [4] Group 2: Challenges and Future Plans - The series faced production challenges due to the pandemic and Hollywood strikes, leading to delays between seasons [5] - Apple plans to produce future seasons in-house and is considering expanding the franchise with spin-offs and international versions [6] Group 3: Market Position and Strategy - Apple positions itself as a premium brand in the streaming market, contrasting with competitors that offer broader content libraries [8][10] - Despite not disclosing subscriber numbers, estimates suggest Apple TV has around 45 million subscribers, with the service currently operating at a loss of over $1 billion annually [9] Group 4: Long-term Outlook - Apple's strategy of slowly entering markets and building a strong presence has been successful in other product categories, indicating potential for growth in streaming [11] - The company's stock is currently valued at a premium, reflecting confidence in its long-term strategy and recent successes in other segments [12]

Sarandos周四在接受采访时表示，奈飞与华纳兄弟的合并"对院线更为有利"，因为奈飞可以借助华纳兄 弟已搭建的发行渠道，将自家影片推向影院。 他表示："如果这笔交易顺利达成，院线有望迎来更多高质量影片。" 智通财经APP获悉，奈飞(NFLX.US)联合首席执行官Ted Sarandos表示，若公司成功收购华纳兄弟探索 公司(WBD.US)，未来将有更多电影登陆大银幕，以此回应好莱坞业内对这笔重磅收购案的核心质疑 ——该交易关乎这家行业标志性影视公司的归属。 奈飞已承诺，华纳兄弟的影片将享有45天独家院线窗口期。但Sarandos在周四采访中表示，无意将这一 承诺落实为书面条款。 "我不会将其写入书面协议，因为我不希望做完这笔交易，反而让我们未来陷入莫名其妙的竞争劣 势，"他说道。 若派拉蒙成功收购华纳兄弟，已承诺将合并后公司的年产量提升逾一倍，至每年30部电影。 Sarandos则质疑派拉蒙无法兑现这一承诺，原因是后者在收购后需致力于削减债务、降低成本，并指责 对方散布不实信息。 "这比目前运营健康的影视公司年产量多出近10部，"他表示，"我认为这基本不可能实现。" 尽管奈飞已于去年12月签署协议，以720 ...

Canadian filmmaker James Cameron poses during a photocall for the opening of the exhibition entitled 'The Art of James Cameron' at the Cinematheque Francaise in Paris on April 3, 2024.Legendary "Titanic" director James Cameron is likening the theatrical experience to a "sinking ship" if Netflix acquires Warner Bros. Discovery's film studio. Cameron penned a letter to Sen. Mike Lee, R-Utah, last week, which was obtained by CNBC, in which he argues Netflix's proposed acquisition of WBD's studio and streaming ...

the section of the the investor base that basically thinks Netflix should walk away look at the regulatory road ahead. They look at the integration risk and then like what Netflix is a big global technology company as opposed to being something sort of micro focused on Hollywood, >> right. And and so so so answer those those investors, right.You know, why why are they wrong that actually there is a longer list of reasons to walk away than stick with it at this juncture. Well, this this deal offers great val ...

Key TakeawaysNetflix (NFLX) is reportedly prepared to increase its $82.7 billion bid for Warner Bros. Discovery (WBD) assets as it battles a $108.4 billion competing offer from Paramount Skydance.The US 30-Year TIPS auction saw strong demand, with the high yield falling to 2.473% and indirect bidders taking a significant 78.3% of the offering.Fed Governor Stephen Miran has moderated his dovish stance, suggesting that firm labor data and rising goods inflation may limit 2026 rate cuts to 100 basis points.Nip ...

奈飞联合首席执行官泰德·萨兰多斯：收购华纳兄弟"具有良好的长期前景"。 来源：滚动播报 ...

While Netflix (NASDAQ: NFLX) generated media excitement with its intention to acquire Warner Bros. Discovery (NASDAQ: WBD), Wall Street was not thrilled with the news. The streaming leader's stock is down 18% in 2026 through the week ending Feb. 13, plunging to a 52-week low of $75.23. Contributing to the sinking share price was activist investor Ancora Holdings' insistence that WBD walk away from the Netflix merger. Ancora holds $200 million in WBD stock and believes the Netflix offer is inferior to the ...