With Netflix and Paramount practically wrestling over who gets to paint their logo on Warner Bros’ water tower, shareholders are getting the best action sequence of all.Warner Bros (NASDAQ:WBD) has been in the spotlight after Netflix announced on December 5 that it would acquire the company for $72 million in equity value. What followed has brought even more drama to the story. First came reports that the Justice Department might intervene in the transaction. Then Paramount entered the scene with a hostile ...

Group 1 - Warner Brothers Discovery may see an increase in its share price as both Netflix and Paramount Sky Dance have indicated their capability to raise bids for the media company [1] - Longtime media investor Mario Gabelli is likely to tender his clients' shares of Warner Brothers Discovery to Paramount to initiate a bidding war [1] Group 2 - Nvidia supplier SK Hynix is considering a dual listing of its shares in the US alongside its current listing in South Korea, resulting in a nearly 4% increase in its shares [2] - Disney has nominated former Apple executive Jeff Williams to join its board, expanding the board to 11 members [2][3] - Eli Lilly plans to invest $6 billion in building a manufacturing plant in Alabama to boost production of its experimental anti-obesity pill and other drugs [3] Group 3 - European food delivery giant HelloFresh is evaluating strategic options, which may include partnerships in certain countries and capital allocation measures [4]

中经记者 张靖超 北京报道 就在网飞（Netflix，NYSE：NFLX）宣布收购华纳兄弟探索（NASDAQ：WBD）旗下的影视与流媒体 业务资产后不久，在这场收购战中失利的派拉蒙—天空之舞传媒（以下简称"派拉蒙天舞"）发起了反 击。 据新华社报道，在12月8日晚间，派拉蒙天舞对华纳兄弟探索发起了全现金收购要约，愿以30美元/股的 价格以现金收购后者全部资产，收购总额或将高达1084亿美元。派拉蒙天舞表示，拟议交易涵盖华纳兄 弟探索的全部业务。 据此前网飞宣布的交易条款，计划以27.75美元/股的现金和部分网飞股票收购标的资产，总价约为827 亿美元。且该收购的前提条件是，华纳兄弟探索需剥离旗下CNN、TBS和TNT等有线电视资产。 那么，这场牵涉好莱坞、科技资本、流媒体等多方势力的好莱坞世纪收购案将何去何从？天空之舞是什 么来头，为何对华纳兄弟探索势在必得？ 焦点竟是衰退业务 "这个价格就离谱。"从事电影制片的金妍向《中国经营报》记者表示，"即使华纳兄弟的规模在好莱坞 六大制片厂里排名数一数二，但一千多亿美元的价格也确实太贵了。" 公开资料显示，华纳兄弟探索主要业务包括华纳兄弟影业、流媒体业务HBO MAX ...

图源：unsplash 12月5日，Netflix宣布计划以827亿美元的企业价值收购华纳的核心资产（影视工作室与流媒体业务）。然而仅三天后，由科技巨头甲骨文创始人之子 David Ellison掌舵的派拉蒙便提出了1080亿美元的恶意收购，试图扭转局势。 2025年年末，好莱坞场外的大戏似乎比银幕/荧幕外更精彩——一场十年来最激烈的媒体资产争夺战。 过去十年的流媒体竞争更多是关于用户增长和内容产量的较量， 而近期发生的事件标志着行业进入了存量整合的新阶段。 竞争标的是曾经的行业巨头、如今面临巨额债务压力的华纳兄弟探索。 这一轮博弈的参与者，不仅有试图巩固新时代里流媒体霸主地位的科技新贵Net flix，还有为了生存而背水一战的派拉蒙。 与此同时， 现任总统特朗普关于"反垄断"的表态，也让这笔交易充满了不确定性。 华纳兄弟探索在经历合并、重组又试图拆分，以及CEO大卫·扎斯拉夫过去几年各种"骚操作"之后，终于被摆上了出售的谈判桌。 现在的问题在于，在这场堪称是百年好莱坞"终局之战"的资本博弈中，谁能最终接手这块庞大且复杂的资产？ 01 科技公司的"增长焦虑" 对于Netflix而言，收购华纳当然并不纯粹只是为 ...

Core Viewpoint - Paramount Skydance's CEO David Ellison is advocating for a $108 billion all-cash hostile bid for Warner Bros. Discovery, positioning it as a more favorable option compared to Netflix's $82.7 billion cash-and-stock offer [1]. Group 1: Bid Details - Paramount's bid is an all-cash offer of $30 per share, which is not the final offer as the company is considering increasing the price or providing additional regulatory assurances [4]. - Netflix's bid consists of $23.30 in cash and $4.50 in Netflix stock per WBD share, but it does not include the acquisition of WBD's traditional television channels, such as CNN [4]. Group 2: Shareholder Reactions - Several WBD shareholders expressed a favorable impression of Paramount's proposal, viewing it as potentially simpler and faster to navigate regulatory hurdles compared to Netflix's offer [2]. - Some investors indicated they would be inclined to accept Paramount's bid unless Netflix improves its offer [3]. Group 3: Market Impact - The bidding war has led to a significant increase in WBD's shares, which rose over 130% to $28.26, while PSKY shares fell by 7.25% to $14.64 and NFLX shares dropped by 9.4% to $96.40 in the past five days [6]. - The competition between Paramount and Netflix has created a unique situation in Hollywood, where factors like financing structures, regulatory risks, and deal speed are becoming as important as the bid price [6]. Group 4: Regulatory Considerations - President Donald Trump has indicated he will play a direct role in the federal review of Netflix's bid, raising potential regulatory concerns regarding market share [7]. Group 5: Timeline - WBD shareholders have until January 8 to respond to Paramount's tender offer, while WBD's board must provide its response by December 22 [5].

Investor Ross Gerber of Gerber Kawasaki Wealth and Investment Management is not a fan of the bidding frenzy surrounding entertainment conglomerate Warner Bros Discovery Inc. (NASDAQ:WBD) , and warns that buyers are significantly overvaluing the company. Warner Bros Is A ‘Dog Asset’On Tuesday, Gerber said that he initially assumed Netflix Inc. (NASDAQ:NFLX) had stepped into the deal mainly to push up the price for Paramount Skydance Corp. (NASDAQ:PSKY) , which he noted is rapidly becoming a serious competito ...

Core Viewpoint - The acquisition battle for Warner Bros. has intensified with Paramount's $108 billion all-cash hostile bid challenging Netflix's previous agreement, influenced by political dynamics surrounding Trump and regulatory scrutiny [1][2][4]. Group 1: Acquisition Proposals - Paramount's offer of $30 per share in cash represents a 139% premium over Warner Bros.'s unaffected stock price, totaling an enterprise value of $1,084 billion [4][5]. - Netflix's proposal, valued at $72 billion, includes $23.25 in cash and $4.50 in stock per share, focusing on Warner's film production and streaming assets [4][5]. - Paramount's CEO emphasized the certainty of cash returns and lower regulatory risks compared to Netflix's mixed cash and stock offer, which could lead to significant cash benefits for Warner Bros. shareholders [1][5]. Group 2: Market Reactions - Warner Bros.'s stock price surged from $12 in September to $28 amid the acquisition battle, reflecting investor interest and speculation [2]. - Following the news of Paramount's bid, Paramount's stock rose approximately 9%, while Netflix's stock fell about 3.4% [8][11]. Group 3: Regulatory Environment - The acquisition proposals face strict antitrust scrutiny, with the potential merger of Netflix and Warner Bros. creating a streaming giant with approximately 430 million subscribers, raising concerns about market concentration [8][9]. - Trump's administration is reportedly more lenient towards traditional media mergers, which could favor Paramount's bid over Netflix's [7][8]. Group 4: Strategic Considerations - Paramount's strategy includes leveraging its political connections and emphasizing the competitive nature of its acquisition proposal, arguing that merging with Netflix would be anti-competitive [7][9]. - Netflix's response may involve increasing its cash offer to make its proposal more attractive to Warner Bros. shareholders, as its stock component's value is under pressure [11][12].

投资方代表吴永捷告诉《华夏时报》记者，此次引进是"哈利·波特或华纳对于大湾区战略布局的重要一 步"。他向记者透露，外方最看重的是"湾区整体经济实力以及中国市场约8000万哈迷的消费潜力"，尤 其是涵盖香港、澳门的忠实粉丝群体。尽管未透露具体授权费用，但业内人士向《华夏时报》记者分 析，此类全球顶级IP的授权成本通常高达数千万元，且对运营标准、场景还原、内容审核等方面均有严 格限制。 "我们受外方限制因素较多，但也在尽可能还原原著场景。"运营总监吴桐向《华夏时报》记者表示，从 悬浮蜡烛到圣诞布景，均需严格遵循IP规范。这也意味着，项目的启动成本不仅包括硬件建设、场景搭 建，更隐含高昂的合规与内容维护成本。 然而，高门槛的背后，恰是深圳"首店经济"战略中尤为看重的一环。近年来，深圳龙华通过引入具有全 球影响力的IP首店，不仅能提升区域的文旅能级，更在实质上推动本地运营团队与国际版权方的深度接 轨，为后续同类项目积累经验。 12月的深圳，夜幕降临时，龙华牛湖水碧道一侧悄然亮起一片暖黄光影。沿着1.2公里的小径向里走， 悬浮的灯光在树梢微微摇曳，圣诞主题的装饰与电影中几乎无异的圣诞树旁，不少游客举着魔杖造型的 手灯拍 ...

华纳兄弟上周同意将其流媒体和电影制片业务(包括HBO)以每股27.75美元的现金加股票价格出售给奈 飞。派拉蒙周一公开宣布以全现金方式收购华纳兄弟，并一直在努力说服投资者，其报价更具优势。 加贝利计划参与竞标，因为"交易条款对派拉蒙有利"，其中包括一项全现金提案，该提案不依赖于公开 交易的股票或华纳兄弟有线电视网络的分拆，而奈飞的报价则依赖于此。 加贝利不愿透露哪家公司更适合华纳兄弟公司。他说："我不喜欢为任何事背书。"他设想的是一场"传 统的竞价战。这就是为什么你要打出那张牌(要约收购)。这就像玩德州扑克一样。" 周二，加贝利的公司在一份监管文件中表示，该公司购买了电影院和酒店公司Marcus(MCS.US)的更多 股份。加贝利表示，由于票房低迷和好莱坞影片发行缩减的威胁，电影院线遭受重创，现在正是收购的 好时机。派拉蒙收购华纳兄弟对影院来说"显然更好"，因为华纳兄弟的管理层相信传统的电影发行模 式。 智通财经APP获悉，"华尔街超级马里奥"、资金管理人马里奥·加贝利表示，他"极有可能"会将客户持有 的华纳兄弟探索(WBD.US)的股份向派拉蒙天舞(PSKY.US)投标，以期引发一场后者与奈飞(NFLX.U ...

Core Viewpoint - The article discusses a significant acquisition battle in Hollywood, highlighting Netflix's announcement to acquire Warner Bros. Discovery's film studio and streaming business for approximately $827 billion (about 580 billion RMB) and the competitive response from Paramount SkyDance, which has made a cash offer of $1,084 billion (about 770 billion RMB) for all outstanding shares of Warner Bros. Discovery [5][9][10]. Group 1: Acquisition Details - Netflix's acquisition proposal includes a cash and stock transaction at $27.75 per share, totaling $720 billion in equity value, while also assuming Warner Bros.' debt [9][10]. - Paramount SkyDance has countered with a cash offer of $30 per share, raising the total enterprise value to $1,084 billion [5][10]. - The acquisition is contingent upon Warner Bros. completing a divestiture plan for its cable television assets, including CNN, TBS, and TNT, allowing Netflix to acquire core film assets like Warner Bros. Pictures and HBO [10][11]. Group 2: Industry Context - Warner Bros. Discovery, a 107-year-old company, is facing challenges in the evolving media landscape, with traditional film studios struggling against the rise of streaming platforms [7][8]. - The article reflects on the historical significance of Warner Bros., which has produced iconic franchises such as Harry Potter, The Lord of the Rings, and DC Universe films, but is now seeking new paths amid declining fortunes [6][12][16]. - The competition in Hollywood is intensifying, with streaming services like Netflix and Disney+ reshaping the industry dynamics, leading to a shift from traditional filmmaking to new media formats [17][18]. Group 3: Historical Perspective - Warner Bros. was founded in 1923 and rose to prominence with the introduction of sound films, becoming one of the major Hollywood studios [12][13]. - The company experienced significant growth during the mid-20th century, producing classic films and establishing a vast intellectual property empire [14][15]. - However, the acquisition by AOL in 2000 and subsequent ownership changes have led to challenges, including debt reduction strategies that have affected its production capabilities [15][16].