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Paramount Extends Deadline For Warner Bros. Discovery Shareholders To Back Hostile Bid
Deadline· 2026-01-22 13:13
Core Viewpoint - Paramount has extended the deadline for Warner Bros. Discovery shareholders to support its hostile takeover bid, now set for February 20, 2024 [1] Group 1: Takeover Bid Details - Paramount's initial offer of $108.4 billion is positioned as superior to Netflix's $82.7 billion deal for Warner's studios-and-streaming division, with Paramount emphasizing a better chance of regulatory approval [2] - Paramount's bid includes a $30-per-share offer, which is believed to provide more value to shareholders compared to Netflix's deal, which leaves shareholders with a "stub" of Discovery Global [2][3] Group 2: Strategic Moves and Legal Actions - Paramount has initiated a lawsuit against WBD in Delaware Chancery Court to compel the release of more information that shareholders need, highlighting that WBD has withheld critical information about Discovery Global [5] - The financial terms of both Paramount's and Netflix's offers have been adjusted to all-cash, with Larry Ellison agreeing to personally guarantee a significant portion of Paramount's offer [6] Group 3: Market Reactions and Implications - Netflix's stock has declined approximately 30% since the announcement of the deal, raising concerns among analysts about potential distractions for the company in the coming years [4] - The ongoing takeover battle is expected to reshape the media landscape significantly, with implications for major studios as they navigate ownership changes [5]
Paramount extends deadline on hostile Warner Bros bid to February 20
Reuters· 2026-01-22 13:10
Core Viewpoint - Paramount Skydance has extended the deadline for its hostile tender offer for Warner Bros Discovery to February 20, aiming to convince investors that its bid is superior to a competing deal with Netflix [1] Group 1 - Paramount Skydance's tender offer is characterized as hostile, indicating a direct challenge to Warner Bros Discovery's management [1] - The extension of the deadline provides additional time for Paramount Skydance to engage with investors and present its case [1] - The competitive landscape includes a rival offer from Netflix, highlighting the strategic importance of the bid for Warner Bros Discovery [1]
Paramount Introduces Programmatic Access to Marquee Live Sports on Paramount+
Prnewswire· 2026-01-21 14:00
Group 1 - Paramount is launching live, in-game programmatic buying for select commercial ad units during major sporting events, starting with UFC's debut on Paramount+ on January 24, 2026 [1] - This initiative allows advertisers to secure real-time, guaranteed placements in Paramount+'s premium sports lineup, enhancing marketing opportunities during peak audience engagement [3] - The programmatic inventory will complement existing Streaming Fixed Units, providing high-impact visibility for advertisers [2] Group 2 - Paramount's Chief Revenue Officer emphasized the company's commitment to media modernization, enabling more advertisers to engage with live sports through digital precision and agility [3] - Partnerships with platforms like Amazon DSP, Google's Display & Video 360, The Trade Desk, and Yahoo DSP will facilitate private marketplace, biddable ad inventory for UFC events [3] - Advertisers can also activate campaigns across Paramount's digital portfolio, leveraging the growth of Paramount+ and Pluto TV [4]
Vornado Reports First Lease at Sunset Pier 94 Studios With Paramount
ZACKS· 2026-01-16 15:20
Core Insights - Vornado Realty Trust (VNO) has secured a 70,000-square-foot lease with Paramount Television Studios at Sunset Pier 94 Studios for filming the second season of "Dexter: Resurrection" [1][7] Group 1: Facility Overview - Sunset Pier 94 Studios features a total of 232,000 square feet of leasable space, including production support and office areas, with on-site parking and opportunities for exterior signage [2] - The facility includes six purpose-built sound stages, each up to 36 feet high, and is part of a joint venture involving Hudson Pacific Properties, Blackstone Real Estate, and Vornado [2] Group 2: Community and Economic Impact - The studio will provide community benefits such as an extension of Hudson River Park, new public restrooms, 25,000 square feet of waterfront open space, and safety improvements to the bikeway [3] - The project is expected to create 400 permanent jobs and contribute $6.4 billion to the local economy over the next 30 years [3] Group 3: Company Strategy and Market Position - Vornado focuses on high-quality assets and aims to expand its market share in the New York City office market, with significant holdings in San Francisco and Chicago [4] - The lease with Paramount enhances Vornado's diversification into alternative property uses, which is expected to strengthen long-term revenue and earnings visibility [5][7] Group 4: Financial Performance and Analyst Outlook - Vornado's shares have declined by 14.2% over the past month, contrasting with a 0.5% decline in the industry [6] - Analysts have revised the Zacks Consensus Estimate for Vornado's 2025 FFO per share upward to $2.34, while the estimate for 2026 has been adjusted down to $2.39 [6]
Judge rejects Paramount Skydance request to speed up lawsuit demanding Warner Bros. Discovery-Netflix details
New York Post· 2026-01-15 16:34
Core Viewpoint - A Delaware judge has denied Paramount Skydance's request to expedite its lawsuit against Warner Bros. Discovery regarding the financial details of Warner Bros.' decision to favor Netflix's $72 billion takeover offer over Paramount's $78 billion bid [1][5]. Group 1: Lawsuit and Court Ruling - Paramount's lawsuit aims to obtain financial information from Warner Bros. to understand why its higher bid was rejected [1][4]. - The judge stated that Paramount did not demonstrate it would face "cognizable irreparable harm" without the requested financial details [1]. - Warner Bros. argued that the request was premature and plans to disclose financials when seeking shareholder approval for the Netflix deal [5][9]. Group 2: Takeover Offers - Warner Bros. rejected Paramount's takeover offer on January 7 and encouraged shareholders to support the Netflix acquisition [2]. - Paramount's tender offer is set at $30 per share in cash, while Netflix's offer is a combination of cash and stock, valued at $72 billion [4][11]. - Paramount is expected to extend its tender offer, which is set to expire on January 21 [4][10]. Group 3: Strategic Moves by Paramount - Paramount, led by David Ellison, is intensifying pressure on Warner Bros. by seeking to nominate directors to its board [4][7]. - The company also plans to propose changes to Warner Bros.' bylaws to require shareholder approval for divesting its cable TV business [8]. - Paramount emphasizes the urgency of its request, stating that the number of tendered shares will influence its decision to extend the offer [10].
"IN SNOOKI WE TRUST" - NICOLE 'SNOOKI' POLIZZI HEADS NORTH IN NEW SERIES, CANADA SHORE
Prnewswire· 2026-01-12 19:21
Core Viewpoint - Paramount+ has announced the launch of "CANADA SHORE," the first Canadian edition of the global MTV "Shore" franchise, featuring ten Canadian singles in a summer party setting in Kelowna, British Columbia [6]. Group 1: Show Details - "CANADA SHORE" features ten roommates from various Canadian cities, ready to create memorable experiences filled with romance and friendship [2][6]. - The series is produced by Insight Productions and filmed in the summer of 2023, showcasing the vibrant culture and lifestyle of Kelowna [6]. - The first episode will be available for free sampling on Pluto TV starting January 22, 2024 [5]. Group 2: Cast Information - The cast includes individuals from diverse backgrounds, such as Bauer (22, Prince Albert, Saskatchewan), Christopher (22, Toronto, Ontario), and others from cities like Vancouver, Fredericton, and Halifax [4][5]. - Each cast member has a presence on social media platforms like Instagram and TikTok, enhancing their visibility and engagement with fans [4][5]. Group 3: Franchise Context - The "Shore" franchise has expanded to include 18 spin-offs globally, with recent additions like "AUSSIE SHORE" and "FRENCHIE SHORE," indicating the franchise's growing popularity [6]. - Paramount+ serves as the primary platform for all "Shore" series, including "JERSEY SHORE" and its spin-offs, catering to a dedicated fanbase [7]. Group 4: Company Overview - Paramount+ is a premium streaming service that offers a wide range of content, including live sports and entertainment, and is part of the larger Paramount media and entertainment portfolio [8]. - The service aims to deliver a comprehensive entertainment experience, leveraging its association with well-known brands like MTV and CBS [8]. Group 5: Social Media Engagement - Fans are encouraged to follow @CanadaShore and CANADASHORE on social media for updates and exclusive content related to the show [9]. - The marketing strategy includes leveraging social media platforms to build anticipation and engage with the audience ahead of the show's premiere [9].
Paramount Skydance reiterates its Warner Bros Bid is superior to Netflix deal
Proactiveinvestors NA· 2026-01-08 16:39
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Paramount sticks to $30-per-share bid for Warner Bros Discovery
Reuters· 2026-01-08 14:11
Group 1 - Paramount Skydance has reaffirmed its cash bid of $30 per share for Warner Bros Discovery [1] - The company emphasizes that its offer is superior to the existing deal between Warner Bros Discovery and Netflix [1]
THE PARTY GOES GLOBAL!
Prnewswire· 2026-01-08 14:00
Core Insights - Paramount+ is set to premiere its first original Canadian series, CANADA SHORE, globally on January 22, expanding its reach beyond English-speaking markets [1] - The series features 10 cast members and aims to present a bold and unapologetic portrayal of Canadian culture, challenging stereotypes [3][4] Group 1: Series Overview - CANADA SHORE is inspired by the iconic JERSEY SHORE series and features 10 vibrant personalities from across Canada, set against the backdrop of Kelowna, British Columbia [2][4] - The show promises a mix of romance, friendships, and drama, with the cast described as a family that experiences both laughter and conflict [2] Group 2: Marketing and Promotion - Paramount+ released key art and a promo trailer for CANADA SHORE, which includes the series theme song "Big Boom" by Canadian artist Rêve [1] - Fans can engage with the series on social media platforms using the hashtag CANADASHORE and can sample the first episode for free on Pluto TV starting January 22 [3] Group 3: Production and Background - The series is produced by Insight Productions, a leading Canadian content producer, and was filmed during the summer on the shores of Kelowna [4][9] - CANADA SHORE marks the 18th spin-off in the global MTV "Shore" franchise, which has seen various international adaptations [6]
Warner Bros Discovery rejects Paramount Skydance's latest takeover bid
Proactiveinvestors NA· 2026-01-07 15:59
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]