Paramount sues Warner Bros. over Netflix deal
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As HBO Max launches in Germany and Italy, execs Casey Bloys and JB Perrette talk scaling fast, 'Heated Rivalry' and ignoring all the WBD sales chatter.
It was a big night at the Golden Globes for Warner Bros. Discovery, which took home more awards than any other media company. But the battle over its future continues.
Warner Bros. Discovery clapped back at Paramount Skydance's lawsuit seeking more financial details on WBD's deal with Netflix and said Paramount's continued campaign to try to convince Warner Bros. shareholders that its $30/share offer is superior is an attempt to "distract" investors.
Warner Bros. Discovery has launched HBO Max in Germany, Austria, Switzerland, Luxembourg and Liechtenstein, as well as Italy, Greece and Israel, expanding its streaming service to more than 100
Paramount accused WBD’s board of breaching fiduciary duties by refusing to engage with what it calls a financially superior proposal.
Paramount is taking its pursuit of CNN’s parent company Warner Bros. Discovery to court. On Monday Paramount CEO David Ellison announced a lawsuit in Delaware Chancery Court, where shareholders typically bring corporate disputes, as it attempts a hostile takeover of the iconic entertainment company.
HBO Max will be available in two more territories on Canal+ as the French powerhouse strikes a fresh multi-year, multi-territory agreement with Warner Bros. Discovery (WBD).