近日，迪士尼（NYSE：DIS）宣布将斥资10亿美元入股OpenAI，并与对方签署为期三年的授权协议， 允许Sora及ChatGPT用户利用米老鼠、漫威等超200个经典IP角色，创作无演员肖像的AI短视频，部分 精选内容将登录Disney+。 《中国经营报》记者注意到，无论是二级资本市场，还是各界分析人士均对此番合作表示出积极的看 法。一方面，迪士尼进一步盘活IP资产，激发流媒体与内容创作活力，还可减少其在版权侵权方面的维 护成本；另一方面，OpenAI获得了迪士尼的投资，而迪士尼拥有全球最大IP版权库之一，也是大模型 训练的黄金资源，还大幅降低了正版授权的门槛。 而在这一合作之外，还需要注意的是，在大洋彼岸，好莱坞与硅谷在AI方面正展现出从博弈走向合作 的态势，无论是迪士尼联手OpenAI，还是此前有着甲骨文背景的天空之舞收购派拉蒙，均有AI的身 影。 OpenAI获得黄金训练集 中经记者 张靖超 北京报道 围绕AI，好莱坞与硅谷在业务与资本方面的往来正变得愈发密切。 在多位业内人士看来，作为当前全球最受瞩目的AI明星公司，OpenAI在此番合作中，所获得的最有价 值的部分就是迪士尼的影视版权。 "迪士尼的 ...

Core Viewpoint - The acquisition battle for Warner Bros. Discovery may conclude with Netflix emerging victorious, as Warner's board is reportedly preparing to reject Paramount's hostile takeover bid due to concerns over financing arrangements and other deal terms [5][10]. Group 1: Acquisition Details - Warner Bros. Discovery's board believes that its existing agreement with Netflix offers better value, certainty, and terms compared to Paramount's proposal [5]. - Paramount's offer includes a bid of $30 per share, totaling over $108 billion including debt, which is a 139% premium over Warner's unaffected stock price [12]. - Warner is expected to respond to Paramount's offer by Wednesday, which could halt CEO David Ellison's plans for a takeover [6]. Group 2: Financing Concerns - Warner's board is particularly worried about the financing structure proposed by Paramount, which relies heavily on a revocable trust supported by Larry Ellison's wealth, raising concerns about asset withdrawal [11]. - Paramount has attempted to address Warner's concerns regarding refinancing debt flexibility and has adjusted bidding terms, including withdrawing a $1 billion investment from Tencent to avoid regulatory issues [11]. Group 3: Market Reactions and Implications - Following the news of Warner's potential rejection of the bid, Warner's stock saw a slight decline, while Paramount's stock dropped by over 1% [7]. - Since the announcement of the acquisition interest in September, Netflix's market value has decreased by approximately $100 billion [12].

Jared Kushner, Founder & CEO, Affinity Partners, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on Feb. 20, 2025 in Miami Beach, Florida.Jared Kushner's firm Affinity Partners has dropped out of Paramount Skydance's hostile takeover bid for Warner Bros. Discovery."With ​two ​strong competitors ​vying to secure ​the future ​of this ​unique American ​asset, ​Affinity ​has ​decided no longer to pursue ​the opportunity," an Affinity spokesperson said in a statement."The dynamics ...

奈飞（NFLX）与派拉蒙天空之舞（PSKY）正竞相收购华纳兄弟探索公司（WBD），此举引发关注。 分析师指出，派拉蒙天空之舞集团过往多次并购均陷入困境，投资者因此对溢价过高和整合风险保持谨 慎。 责任编辑：张俊 SF065 奈飞（NFLX）与派拉蒙天空之舞（PSKY）正竞相收购华纳兄弟探索公司（WBD），此举引发关注。 分析师指出，派拉蒙天空之舞集团过往多次并购均陷入困境，投资者因此对溢价过高和整合风险保持谨 慎。 责任编辑：张俊 SF065 ...

（编辑 任世碧） 证券日报网讯 12月16日晚间，博纳影业发布公告称，公司于2025年12月16日召开第三届董事会第十九 次会议，审议通过了《关于变更会计师事务所的议案》，董事会同意聘任中喜会计师事务所（特殊普通 合伙）为公司2025年财务审计机构以及公司2025年内部控制审计机构。 ...

Core Insights - Disney's partnership with OpenAI, valued at $1 billion, signals Hollywood's serious response to the impact of AI on the entertainment industry, marking a clear divide between the "pre-AI" and "post-AI" eras of content creation [2][3] - The collaboration allows OpenAI's video generation model, Sora, to utilize Disney's extensive library of characters and IPs, transforming traditional intellectual property into new, AI-assisted creative materials [2][4] Group 1: Impact on Content Creation - Tools like Sora democratize video creation, enabling ordinary users to produce professional-quality content without the large budgets typically required by film companies, leading to an influx of AI-generated short films and series [3][4] - The abundance of low-cost synthetic videos may make it more challenging for new creators or IPs to stand out, as audiences will categorize content into "pre-AI" and "post-AI" eras, assigning higher value to human-created works [3][4] Group 2: Value of Existing IP - Disney's vast "pre-AI" content library, including iconic IPs like Star Wars and classic animated characters, will serve as a foundation for global AI-assisted storytelling experiments, allowing fans to engage in testing and promoting new scenarios [4][5] - Existing content from the "pre-AI" era is expected to gain further value, as collaborations like Disney's with OpenAI enable IPs to be transformed into user-generated content while also providing a stable source for future projects [4][5] Group 3: Strategic Implications for Competitors - Disney's partnership serves as a strategic warning to competitors in the streaming space, highlighting the importance of IP in the next phase of the entertainment industry [6][7] - The bidding war for Warner Bros. by Netflix and Paramount underscores the critical role of content libraries and the potential to replicate Disney's collaboration model, as controlling top-tier IPs will be essential for future AI-generated content [6][7] Group 4: Future of Entertainment Consumption - The collaboration between Disney and OpenAI is seen as a template for traditional media companies to navigate an AI-dominated market, emphasizing the need for companies with rich "pre-AI" content libraries to adapt and leverage new tools [7] - The competition for audience attention is intensifying, with the lines between technology and entertainment becoming increasingly blurred, as companies like Netflix expand their competitive landscape to include platforms like TikTok and Instagram [7]

格隆汇12月16日丨博纳影业(001330.SZ)公布，近日，公司全资子公司浙江博纳与上海亭东协商一致并 签署《借款协议补充协议》，协议约定将上述4,000万元借款，与上海亭东提供给公司另一家全资子公 司北京博纳影业集团有限公司（简称"北京博纳"）的3,000万元借款，合计7,000万元债务纳入定向减资 还款方案，并在2025年12月31日之前履行还款义务。根据前述《借款协议补充协议》，公司将对上海亭 东进行总计7,000万元的减资，同时减少公司所持上海亭东注册资本70.96万元对应的股权，减资完成 后，公司所持上海亭东股权比例将由9.55%降至4.61%。本次减资作价，以北京东审资产评估有限公司 出具的《博纳影业集团股份有限公司拟进行减资所涉及的上海亭东影业有限公司股东全部权益价值项目 资产评估报告书》（评估报告编号：东评字【2025】第02-328号）中上海亭东股权价值评估结果为依 据，经双方协商一致确定。公司全资子公司浙江博纳和北京博纳后续将根据实际经营情况合理安排向公 司的偿还方案。 ...

格隆汇12月16日｜博纳影业公告，近日，公司全资子公司浙江博纳与上海亭东协商一致并签署《借款协 议补充协议》，协议约定将上述4,000万元借款，与上海亭东提供给公司另一家全资子公司北京博纳影 业集团有限公司的3,000万元借款，合计7,000万元债务纳入定向减资还款方案，并在2025年12月31日之 前履行还款义务。根据前述《借款协议补充协议》，公司将对上海亭东进行总计7,000万元的减资，同 时减少公司所持上海亭东注册资本70.96万元对应的股权，减资完成后，公司所持上海亭东股权比例将 由9.55%降至4.61%。 ...

博纳影业今日跌停，全天换手率4.84%，成交额6.11亿元，振幅3.05%。龙虎榜数据显示，深股通净卖出 1353.14万元，营业部席位合计净买入357.46万元。 深交所公开信息显示，当日该股因日跌幅偏离值达-8.50%上榜，深股通净卖出1353.14万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.35亿元，其中，买入成交额为6272.12 万元，卖出成交额为7267.80万元，合计净卖出995.68万元。 近半年该股累计上榜龙虎榜8次，上榜次日股价平均跌0.73%，上榜后5日平均涨3.51%。 资金流向方面，今日该股主力资金净流出8865.88万元，其中，特大单净流出2877.87万元，大单资金净 流出5988.01万元。近5日主力资金净流出9.11亿元。（数据宝） 博纳影业12月16日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 东亚前海证券有限责任公司深圳分公司 | 1288.12 | 0.00 | | 买二 | 华泰证券股份有限公司北京西三环 ...

12月16日，奈飞两名首席执行官就公司收购拥有HBO频道等的华纳兄弟探索一事阐述立场，承诺维持 华纳兄弟电影于院线上映，回应市场担心奈飞会优先采取串流平台先行的模式。 Greg Peters及Ted Sarandos于周一致函员工，承诺不会出现业务重叠或关闭制片厂，以回应外界关注该 宗大型交易将削减职位。市场亦关注监管机构会否批准交易，Peters及Sarandos引用尼尔森的收视数据 指出，奈飞与华纳兄弟合并后的观看市占率，仍将低于YouTube，亦低于派拉蒙与华纳兄弟潜在合并的 情况。 美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...