BW Media Spotlight

Well, this is news we didn’t expect last night.

A little bit before going to bed I caught an emergency video from Cord Cutters News on YouTube stating that Netflix had dropped out of the bidding war they started by pursing Warner Brothers in the first place. If they hadn’t, David Zaslav would still be working to make Warner Brothers Discovery into a major entertainment company. I heard someone say they legally had no choice but to at least entertain the offer even though until then I didn’t even hear he wanted to sell. I could have heard or remembered that wrong, but it seems like a dumb law if that’s the case. Whatever said case is, this gives Skydance Media, who just recently purchased Paramount, an open run to buy the company themselves. They’re also responsible for the bidding war as Skydance owner David Ellison kept pushing until they made an offer that was good big for Netflix to pass up, Ted Sarantos (Netflix CEO) claiming WB was “a nice-to-have, not a must-have”. Of course, I had concerns when it came to Netflix taking over Warner Brothers, but not the same ones Hollywood had outside of Sarantos’ stated dislike of the theater system in favor of streaming.

Note that as I write this in the afternoon I have not gone over all the various responses online, just a few news reports to get into some kind of loop when it comes to what’s going on. I’ll adjust this afterwards if I need to before it posts or make updates after, but this is my immediate thoughts. There’s still a lot we don’t know because the new party is just getting started and we were just getting used to the old one. I’m delaying the current Friday night article series, CBS Transformers (which surprisingly has connections to this discussion given Paramount owns CBS and is still involved with some Transformers media), to go over the same and new concerns should all the legal hurdles be jumped.

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