PARAMOUNT CONFIRMS SUBMISSION OF REVISED PROPOSAL TO ACQUIRE WARNER BROS. DISCOVERY [Accessibility Statement] Skip NavigationLOS ANGELES and NEW YORK, Feb. 24, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today confirmed it has submitted to the Board of Directors of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") a revised proposal to acquire WBD. This submission follows a period of engagement with WBD after it received a seven- day waiver under its merger agreement wi ...

David Ellison's Paramount Skydance has revised its bid for Warner Bros. Discovery, putting pressure on Netflix to follow suit — or risk seeing its dream of buying HBO slip away. Paramount did not provide a number for its revised bid. Its previous offer was for $30 per share.WBD previously turned down Paramount's offers and decided to sell key assets, including its studio and HBO, to Netflix for $27.75 per share, also fully in cash. The Netflix deal doesn't include WBD's cable channels, such as HGTV and TNT, ...

光线传媒今日20cm跌停，成交额65.98亿元，换手率10.76%，盘后龙虎榜数据显示，深股通专用席位买 入1.30亿元并卖出4.07亿元，有1家机构专用席位净卖出2120.01万元。首创证券北京五道口证券营业部 净卖出2.17亿元。 ...

| 板块名称 | | 涨跌幅 (%) 板块资金流向 | 净流出最大 | | --- | --- | --- | --- | | 计算机 | -1.13 | -92.91亿元 | 海联讯 | | 传媒 | -2.74 | -61.88亿元 | 电广传媒 | | IT服务III | -1.14 | -44.15亿元 | 海联讯 | | IT服务 II | -1.12 | -44.13亿元 | 海联讯 | | 软件开发 | -2.24 | -43.48亿元 | 经纬恒润-W | | 垂直应用软 件 | -1.33 | -22.08亿元 | 经纬恒润-W | | 横向通用软 件 | -4.86 | -21.32亿元 | 大恒科技 | | --- | --- | --- | --- | | 影视院线 | -7.46 | -18.62亿元 | 华谊兄弟 | | 影视动漫制 作 | -6.26 | -16.46亿元 | 华谊兄弟 | | 广告营销 | -1.92 | -15.42亿元 | 三人行 | 据交易所数据显示，截至2月24日开盘一小时，大盘主力资金净流入69.90亿元。主力资金流出前十大板块分别为：计算机（-92. ...

AI语料板块大幅调整，掌阅科技跌停，中文在线跌超10%，视觉中国、上海电影、人民网、读客文化、 华策影视、捷成股份等跟跌。 ...

Paramount Skydance Corp. raised its offer to buy Warner Bros. Discovery Inc., extending the long-running battle for one of Hollywood’s iconic studios, according to people familiar with the matter.The new, unspecified bid improves on the $30-a-share, all-cash proposal that Paramount took directly to Warner Bros. shareholders on Dec. 8 and addresses some of the company’s concerns with previous Paramount bids, according to the people, who asked to not be identified because the details aren’t public. Those conc ...

Financial Data and Key Metrics Changes - The company reported record revenue of $183 million for Q4 2025, exceeding the high end of guidance, with full-year revenue reaching $443 million, also above guidance [5][8][21] - Operating income for Q4 was $133.9 million, with an adjusted EBITDA margin of 73%, reflecting strong financial performance [19][21] - Operating expenses increased by 33% quarter-over-quarter to $49.2 million, primarily due to higher variable compensation and litigation expenses [17][21] Business Line Data and Key Metrics Changes - Non-pay TV recurring revenue grew by 30% year-over-year in Q4, driven by new agreements with major customers like Disney and Major League Baseball [6][9] - The semiconductor business saw a revenue increase of 40% from $18 million in 2024 to $26 million in 2025, indicating strong growth in this segment [39] - The company executed 26 license agreements across various sectors, including 9 in pay TV and 7 in OTT, highlighting diversification in revenue sources [9][12] Market Data and Key Metrics Changes - The company anticipates that pay TV will represent approximately 35%-40% of total revenue in 2026, down from historical averages of 50%-60% [10][11] - The OTT market is expected to contribute over 30% of total revenue in 2026, reflecting significant growth potential [51] - The semiconductor market is experiencing increased demand for hybrid bonding technologies, with major players like Micron and Samsung investing heavily in advanced packaging [13][56] Company Strategy and Development Direction - The company is focused on diversifying its revenue base, particularly in non-pay TV verticals such as OTT and semiconductors, to mitigate risks associated with declining pay TV revenues [11][12] - Recent leadership changes aim to strengthen execution on long-term strategies, with new roles created for semiconductor technology and revenue generation [15][24] - The company is targeting $500 million in annual licensing revenue as a long-term goal, supported by a strong sales pipeline and recent agreements [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges in the pay TV market, citing ongoing litigation and successful resolutions with major clients [11][29] - The outlook for 2026 remains positive, with expectations for continued growth in both media and semiconductor sectors, driven by strong demand and new customer agreements [10][49] - The company is prepared for increased litigation expenses as it defends its intellectual property, which is seen as essential for future growth [71][76] Other Important Information - The company reduced its debt by $60 million in 2025 while also returning capital through dividends and share repurchases [9][21] - The hybrid bonding technology received industry recognition, indicating its potential impact on future revenue streams [10][13] Q&A Session Summary Question: Subscriber loss trends in pay TV - Management noted a moderation in subscriber declines and emphasized the importance of diversifying revenue sources beyond pay TV [27][29] Question: Competitive landscape for RapidCool technology - Management highlighted the unique plug-and-play nature of RapidCool, which differentiates it from competitors and aligns with current market needs [30][31] Question: Breakdown of recurring vs non-recurring revenue - In Q4, revenue was nearly split 50/50 between recurring and non-recurring, with a full-year split of 80% recurring and 20% non-recurring [38] Question: Outlook for NAND market and pricing dynamics - Management clarified that revenue agreements are based on unit volumes rather than selling prices, indicating a focus on volume growth [44] Question: Guidance for 2026 and growth expectations - Management expressed optimism for both media and semiconductor segments, with expectations for sequential growth throughout the year [46][51]

Financial Data and Key Metrics Changes - The company reported record revenue of $183 million for Q4 2025, exceeding the high end of guidance, driven by nine deals, including significant agreements with Disney and Microsoft [5][6][16] - Full year 2025 revenue reached $443 million, with operating income of $276 million and adjusted EBITDA of $278 million, all above the high end of guidance [8][9] - Non-pay TV recurring revenue grew by 30% year-over-year in Q4 2025, and over 20% for the full year [6][12] Business Line Data and Key Metrics Changes - The company executed 26 license agreements across various sectors, including OTT, semiconductors, consumer electronics, and pay-TV, with a record 12 new customers added in 2025 [9][10] - In the semiconductor sector, revenue increased from $18 million in 2024 to $26 million in 2025, marking a 40% increase [38] - The media business accounted for approximately 94% of total revenue in Q4 2025, reflecting strong performance in licensing agreements [40] Market Data and Key Metrics Changes - The company anticipates that pay-TV will represent approximately 35%-40% of forecasted revenue in 2026, down from the historical average of 50%-60% [10][11] - The OTT market is expected to contribute about 30%-35% of total revenue in 2026, indicating significant growth potential [51] Company Strategy and Development Direction - The company is focused on diversifying its revenue base, particularly in non-pay-TV verticals such as OTT and semiconductors, to mitigate risks associated with declining pay-TV revenues [11][12] - Recent leadership changes aim to strengthen execution towards long-term growth priorities, including the appointment of a Chief Semiconductor Officer and a Chief Revenue Officer [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges within the pay-TV licensing program and highlighted ongoing litigation as a means to protect intellectual property [11][70] - The company is optimistic about its growth prospects in 2026, supported by a strong sales pipeline and recent agreements [22][49] Other Important Information - The company reduced debt by $60 million in 2025 and returned capital through dividends and share repurchases while growing its cash balance [9][20] - The company expects litigation expenses to increase in 2026, reflecting a more normalized level of spending to defend its intellectual property [70][72] Q&A Session Summary Question: Subscriber loss trends in pay-TV - Management noted moderation in subscriber declines and emphasized the importance of diversifying revenue sources beyond pay-TV [27][28] Question: Competitive landscape for RapidCool technology - Management highlighted the unique plug-and-play nature of RapidCool, which differentiates it from competitors and aligns with current customer needs [29][30] Question: Breakdown of recurring vs. non-recurring revenue - In Q4, revenue was nearly split 50/50 between recurring and non-recurring, with 80% recurring revenue for the full year [37][38] Question: Pricing dynamics in the NAND market - Management clarified that revenue agreements are based on unit volumes rather than selling prices, benefiting from increased production [42][43] Question: Guidance for 2026 and growth expectations - Management expressed optimism for both media and semiconductor segments, with expectations for sequential growth throughout the year [46][51]

Paramount Skydance submitted a higher offer for Warner Bros Discovery , a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix. ...

Group 1: Citigroup and Banamex Divestiture - Citigroup is nearing a deal to sell stakes in its Mexican consumer banking arm, Banamex, to Blackstone and the Co-CEOs of Televisa, following a previous $2.3 billion sale of a 25% stake to Fernando Chico Pardo in late 2025 [2][10] - This divestiture is part of CEO Jane Fraser's strategy to simplify the bank's global footprint and focus on higher-return institutional businesses, with plans for an initial public offering (IPO) for the remaining portion of Banamex in 2026 [3][10] - The Banamex divestiture remains a core strategic priority for Citigroup as it prepares for the full IPO expected later in 2026 [10] Group 2: DeepSeek V4 and Nasdaq Valuations - The anticipated release of DeepSeek V4, a new large language model from a Chinese AI firm, is expected to challenge the high-margin hardware model currently dominated by Nvidia, potentially leading to a rough period for Nasdaq tech stocks [4][10] - Analysts warn that if DeepSeek demonstrates that advanced AI can be run on significantly cheaper hardware, it could trigger a valuation correction for major tech stocks like Microsoft and Alphabet [5] Group 3: Eurozone Inflation Divergence - The European Central Bank (ECB) faces a policy dilemma as inflation trends diverge in Germany and France, complicating the maintenance of a unified interest rate policy for the Eurozone [6][7] - Germany is experiencing persistent price pressures, while France's inflation has dipped below the ECB's 2% target, suggesting a need for monetary easing to prevent economic slowdown [6][7]