Core Viewpoint - Activist investor Ancora Holdings is opposing Warner Bros. Discovery's (WBD) proposed $72 billion sale of its movie and TV studios and HBO Max streaming service to Netflix, favoring a rival all-cash bid from Paramount Skydance valued at approximately $78 billion [1][2]. Group 1: Ancora Holdings' Position - Ancora Holdings has built a stake in WBD valued at about $200 million and is considering a proxy fight if the board does not negotiate with Paramount over its offer [3]. - Ancora has raised concerns regarding the Netflix deal, labeling it as "uncertain and inferior," and has criticized the planned Discovery Global spinoff that would burden cable-TV networks with around $17 billion in debt [5]. - Ancora has questioned CEO David Zaslav's motivations, suggesting he may favor the Netflix deal to secure an executive role with the streaming company post-transaction [4]. Group 2: Paramount's Offer - Paramount has made a cash offer of $30 per share for WBD, which includes a "ticking fee" of 25 cents per share for each quarter the deal remains unclosed after the end of 2026, potentially amounting to $650 million in cash value for every quarter [12][13]. - The revised offer also includes funding for a $2.8 billion termination fee that WBD would owe Netflix if the deal collapses, as well as eliminating a potential $1.5 billion debt refinancing cost [16]. - Paramount's offer is backed by $43.6 billion in equity commitments and $54 billion in debt commitments from major financial institutions [17]. Group 3: WBD's Response - WBD has received Paramount's amended offer and stated that its board will review it, although it has consistently recommended that shareholders reject Paramount's bid in favor of the Netflix acquisition [18].

Is Netflix's 10% Dip a Buying Opportunity or a Warning Sign? - 24/7 Wall St.[S&P 5006,978.20 +0.32%][Dow Jones50,411.70 +0.29%][Nasdaq 10025,294.80 +0.43%][Russell 20002,706.27 +0.72%][FTSE 10010,453.60 +0.76%][Nikkei 22558,341.70 +0.56%][Investing]# Is Netflix's 10% Dip a Buying Opportunity or a Warning Sign?### Quick ReadNetflix (NFLX) fell 12.32% year-to-date as EPS declined three consecutive quarters from $0.72 to $0.56.Netflix missed Q3 2025 earnings by 15.71% with $0.59 EPS versus $0.70 expected.Netfl ...

Quick Read Netflix (NFLX) fell 12.32% year-to-date as EPS declined three consecutive quarters from $0.72 to $0.56. Netflix missed Q3 2025 earnings by 15.71% with $0.59 EPS versus $0.70 expected. Netflix agreed to acquire Warner Bros. for $82.7B to consolidate Game of Thrones and Harry Potter franchises. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Netflix (NASDAQ: NFLX) opened 2026 with a predic ...

Core Insights - LVS Advisory's fourth-quarter 2025 investor letter reveals the performance of its portfolios, with the Event-Driven Portfolio appreciating 9.1% and the Growth Portfolio gaining 6.2% [1] - The Event-Driven Portfolio has a 7-year track record aimed at providing stable, uncorrelated returns, while the Growth Portfolio experienced a decline of 8.2% in Q4 after outperforming the S&P 500 in the first three quarters [1] Group 1: Portfolio Performance - The LVS Event-Driven Portfolio was established in 2019 and has consistently provided annual net returns [1] - The Growth Portfolio's performance in Q4 was notably poor, contrasting with its earlier success in the year [1] Group 2: Netflix, Inc. (NASDAQ:NFLX) Insights - Netflix remains the largest investment in LVS Advisory's portfolio, with an 18% weight at the start of Q4, but saw a decline of 21.8% in Q4 due to its $83 billion acquisition of Warner Brother Discovery [3] - As of February 10, 2026, Netflix's stock closed at $82.21, with a one-month return of -7.16% and a 12-month decline of 19.98% [2] - Netflix is ranked 14th among the 30 Most Popular Stocks Among Hedge Funds, with 154 hedge fund portfolios holding its stock at the end of Q3, up from 133 in the previous quarter [4]

Core Insights - Fox Corporation's Tubi has achieved a significant milestone by becoming the first major free streaming platform to reach profitability in Q3 2025, completing its annual profit target [1] - Tubi's success highlights the rapid rise of ad-supported video on demand (AVOD) platforms, challenging the dominance of subscription-based services like Netflix and Disney+ [1] Financial Performance - Tubi's annual revenue grew by over 30%, with Q4 revenue increasing by 8% compared to Q3 [2] - The growth was driven by an 18% increase in total viewing hours and a substantial rise in advertising revenue, contributing to a 26% increase in Fox's overall TV ad revenue for 2025 [2] - Tubi maintained over 100 million monthly active users (MAU) by the end of 2025, with an average streaming time of 1 billion hours per month [2] Market Position - Tubi captured 6.2% of total viewing hours in the U.S. ad-supported streaming market in Q4 2025, surpassing platforms like Netflix's ad tier [3] - In November 2025, Tubi surpassed major subscription platforms like Peacock and HBO Max with a 2.1% share of total streaming hours [4] User Demographics and Content Strategy - Tubi's user base is predominantly composed of millennials and Gen Z, with over 70% of new users from Gen Z [7] - The platform's content strategy includes a mix of original productions and classic shows, appealing to younger audiences and enhancing user retention [8] - Tubi's library consists of over 300,000 titles, including a significant collection of horror films, catering to diverse viewer preferences [8] Competitive Advantages - Tubi's growth is supported by a three-pronged strategy: targeting Gen Z, leveraging Fox's ecosystem, and employing a lightweight content strategy [5][10][12] - The platform's partnership with Fox allows it to access premium sports content, significantly boosting user engagement and attracting male viewers [10][12] - Tubi's low-cost content acquisition model enables it to maximize operational efficiency while maintaining a rich content library [12] Industry Trends - The AVOD market is projected to grow from $174 billion in 2022 to approximately $260 billion by 2025, indicating a shift in consumer preferences towards free streaming options [14] - Economic pressures have led consumers to prioritize cost-effective streaming solutions, with many willing to watch ads for free content [15] - The competitive landscape is evolving, with traditional media companies increasingly investing in free streaming services to capture diverse market segments [23][24] Future Outlook - The U.S. streaming market is expected to transition into a dual-track system, with free and paid platforms coexisting and catering to different audience needs [23] - Tubi aims to enhance its advertising capabilities while expanding its user base, while subscription services like Netflix will focus on high-end content and premium pricing strategies [23][24]

激进投资者Ancora资本已购入华纳兄弟探索公司的股份，并计划反对这家传媒企业与网飞就旗下制片厂 及流媒体资产达成的交易，这是好莱坞激烈收购战中的最新变局。 Ancora资本在这家拥有HBO的公司持有约2亿美元股份。该公司周三表示，华纳兄弟董事会未能就派拉 蒙天空之舞提出的、收购公司全部资产（包括CNN、TNT等有线电视资产）的竞争性报价进行充分磋 商。 这一激进投资者在其官网表示："目前提议的网飞-华纳兄弟探索交易，要求股东接受更低的价值，押注 一项充满不确定性的资产分拆，并承担巨大的监管风险——而派拉蒙已经给出了报价更高、确定性更强 的每股30美元收购方案。" 派拉蒙与网飞均觊觎华纳兄弟旗下领先的影视制作公司、庞大的内容库，以及《权力的游戏》《哈利・ 波特》和蝙蝠侠等DC漫画超级英雄系列等重磅IP。 华纳兄弟、派拉蒙与网飞均未立即回应路透社的置评请求。华纳兄弟当前市值约680亿美元，这意味着 Ancora资本的持股占其流通股比例不到1%。 派拉蒙周二提高了收购条件：若交易在今年之后未能完成，将按季度向华纳兄弟投资者支付额外现金， 并同意承担华纳兄弟若终止与网飞交易所需支付的28亿美元分手费。 派拉蒙则辩称 ...

Core Viewpoint - Activist investor Ancora Capital has acquired a stake in Warner Bros Discovery and intends to challenge the company's agreement with Netflix regarding its studios and streaming assets [1] Group 1: Stake Acquisition - Ancora Capital has built a significant stake in Warner Bros Discovery, indicating a strategic investment in the media company [1] Group 2: Opposition to Netflix Deal - The activist investor plans to oppose Warner Bros Discovery's deal with Netflix, highlighting potential concerns over the media company's strategic direction [1]

By Aditya Soni Feb 11 (Reuters) - Activist investor Ancora Holdings has built a stake in Warner Bros Discovery and plans to oppose the media company's deal with Netflix for its studios and streaming assets, in the latest twist to the heated Hollywood takeover battle. Ancora, which has a stake ‌worth nearly $200 million, said on Wednesday that Warner Bros' board did not adequately engage in talks with Paramount Skydance over a rival offer for ‌the whole company, including cable assets such as CNN and TNT. ...

World shares were mixed in cautious trading on Wednesday ahead of an update on US employment that is expected to highlight a sluggish jobs market. Prices of gold, silver and oil advanced. Bitcoin was lower.Germany's DAX lost 0.5 per cent to 24,872.61, and the CAC 40 in Paris also shed 0.5 per cent, to 8,281.72. Britain's FTSE 100 edged 0.2 per cent higher. The future for the S&P 500 was up less than 0.1 per cent, while that for the Dow Jones Industrial Average gained 0.2 per cent. Markets in Japan were clos ...

Core Viewpoint - Netflix's stock has declined significantly, down 12% year-to-date and 19% over the past year, raising concerns about its planned $82.7 billion acquisition of Warner Bros. [1][2] Financial Performance - Netflix's current stock price is $82.18, with a market capitalization of $347 billion. The stock has a 52-week range of $79.22 to $134.12 and a gross margin of 48.59% [2]. - Despite revenue and earnings growth, there are fears that the acquisition could burden Netflix's balance sheet, as it has reportedly secured a $59 billion loan for the purchase [2]. Acquisition Concerns - Historically, 70%-75% of acquisitions fail to enhance sales growth or maintain stock prices, with reasons including overpayment and integration challenges [5]. - The Warner Bros. acquisition's hefty price tag raises concerns about Netflix potentially overpaying, which could hinder the deal's value creation [5]. Potential Benefits of the Acquisition - The business models of Netflix and Warner Bros. are synergistic, focusing on creating and monetizing content, which may simplify integration [7]. - The acquisition includes valuable intellectual property, such as popular franchises like Harry Potter and Game of Thrones, which could enhance Netflix's content library and user retention [8][9]. Market Sentiment and Valuation - The recent sell-off in Netflix stock may be exaggerated, but it still trades at a forward price-to-earnings (P/E) multiple of about 26, indicating a slight premium over the market average [10]. - There are uncertainties regarding the acquisition's approval, with investigations into potential anticompetitive practices by the Department of Justice [11].