Paramount might beat Netflix for Warner Bros.
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Cameron wrote his letter to Lee in the aftermath of an antitrust subcommittee meeting back on February 3, where Sarandos and WBD executives both testified; Lee has said he intends to hold a follow-up meeting to air more concerns like the ones raised in the director’s letter. You can read the full text of Cameron’s missive here.
Warner Bros. Discovery (NASDAQ:WBD) on Tuesday rejected the latest hostile takeover bid from Paramount Skydance (NASDAQ:PSKY), giving the David Ellison-led company until February 23 to submit its "best and final offer.
Some cinema operators remain wary of Netflix’s bid, including Cinemark CEO Sean Gamble, who said Wednesday he is “apprehensive” Netflix will commit to standard theatrical release windows.
The exec left Paramount last year amid the Skydance merger.
James Cameron has written a letter arguing that if Netflix is successful in its bid for Warner Bros.’ studio and streaming businesses, it could cause huge job loss, change the theatrical landscape and hurt the film export business.
EXCLUSIVE: Former Paramount Pictures Motion Picture Group Chief Mike Ireland has been hired by Warner Bros Picture Group as President of Production. He will join Jesse Ehrman, Warner Bros current President of Production.
As CBS's parent company makes a final play for Warner Bros. Discovery, CBS faces scrutiny over claims it blocked a Stephen Colbert interview while Anderson Cooper stepped down from 60 Minutes.
David Ellison's team will put the government on a time crunch in the event Paramount knocks out Netflix and wins the bidding war for Warner Bros. Discovery.