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News on Medial
Netflix, Amazon, and Paramount wanted Coyote vs. Acme but Warner Bros. Discovery refused
The Verge
·
1y ago
Medial
Warner Bros. reportedly turned down offers from Amazon, Netflix, and Paramount to release the film "Coyote vs. Acme," as the studios' bids did not meet the $75-$80 million figure Warner Bros. was seeking. The final decision was made by executives who had not seen the finished movie, despite it being well received at internal screenings.
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A potential Warner Bros and Paramount merger could be Hollywood's next Megacorp
Gizmodo
·
1y ago
Medial
Warner Bros. Discovery and Paramount Pictures are reportedly exploring a potential merger. The CEOs of both companies met to discuss the possibility of combining their forces to create a new media powerhouse. This move is seen as a response to the growing dominance of Disney and Netflix. The market value of Warner Bros. Discovery is around $29 billion, while Paramount is valued at $10 billion. The details of the merger, including whether Warner Bros. Discovery would acquire Paramount Global or its parent company, National Amusements Inc., are yet to be confirmed.
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Winter is coming for 'Game of Thrones' freeloaders thanks to Max's password-sharing crackdown
Business Insider
·
1y ago
Medial
Max, the streaming service owned by Warner Bros. Discovery, is planning to crack down on password-sharing in a bid to increase revenue. Following in the footsteps of Netflix, Disney+, and Hulu, Max aims to limit account sharing by enforcing stricter measures. The CEO of Warner Bros. Discovery highlighted the success of Netflix's password-sharing crackdown, which ultimately led to a rebound in subscriptions. Although Max may have less to gain compared to Netflix due to its shorter time in the market, the company sees it as one of many growth areas.
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Paramount Gave Up on Warner Bros. Merger After Months of Talks
Livemint
·
9m ago
Medial
Paramount Global engaged in months-long discussions with Warner Bros. Discovery regarding a potential merger, but ultimately abandoned the idea due to the lack of a concrete offer. The efforts made by Paramount, the owner of CBS and MTV, to find a buyer or partner were detailed in a regulatory filing. Talks were held with multiple alternative bidders, including Comcast and Apollo Global Management. Paramount eventually agreed to a merger with Skydance Media. The decision to sell Paramount stemmed from lower-than-expected financial results.
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FuboTV sues to block ESPN, Warner and Fox sports streaming deal, WSJ reports
Reuters
·
1y ago
Medial
The lawsuit against Fubo TV alleges that a deal with Warner Bros. Discovery, Fox, and ESPN would prevent Fubo from carrying a bundle of sports-focused channels planned for the new service. Warner Bros. Discovery, Fox, and ESPN declined to comment on the matter.
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Max is getting in on the big streaming password crackdown
The Verge
·
1y ago
Medial
Warner Bros. Discovery (WBD) plans to crackdown on password sharing among subscribers starting in late 2024, following the successful implementation of similar measures by Netflix. The move comes as Disney Plus and Hulu have recently updated their terms of service to prohibit sharing login credentials with non-household members. WBD hopes this crackdown will lead to increased signups, but it could also deter customers as the streaming space becomes more hostile towards consumers.
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Netflix, Amazon oppose TRAI’s proposal to regulate them
Inshorts
·
7m ago
Medial
Content delivery network (CDN) companies, including Netflix, Amazon, Universal Studios and Warner Bros have reportedly opposed the telecom regulator proposal to regulate them. They argued that they are not telecom operators and therefore do not fall under the regulator's jurisdiction, as per an ET report.
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Sam Altman is trying to convince Hollywood that Sora won't destroy the movie business
Business Insider
·
1y ago
Medial
OpenAI's CEO, Sam Altman, is trying to reassure Hollywood executives that the company's AI video generator, Sora, won't harm the movie industry. Altman and OpenAI's COO, Brad Lightcap, met with executives from Paramount, Universal, and Warner Bros Discovery, seeking their input in rolling out Sora. While some studios expressed interest in using the tool to save time and money, OpenAI did not pursue formal agreements during the meetings. Other competitors, including Runway, Emu Video, and Lumiere, are also developing text-to-video tools.
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Mukesh Ambani’s JioCinema to appoint former Google manager Kiran Mani as CEO
Economic Times
·
1y ago
Medial
Former Google general manager Kiran Mani is set to become the CEO of JioCinema, an Indian streaming TV service. Mani, who previously managed Google's Android operations in the Asia Pacific region, will focus on technology development and partnerships with Hollywood studios. JioCinema, owned by Viacom18, a joint venture of Reliance Industries, Paramount Global, and Bodhi Tree, aims to expand its reach among mobile customers in India. The service recently signed programming deals with Warner Bros. Discovery and NBCUniversal as part of its growth strategy.
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Warner Bros to split cable and streaming businesses in major restructuring | TechCrunch
TechCrunch
·
2m ago
Medial
Warner Bros. Discovery (WBD) is restructuring by separating its streaming and cable operations to adapt to the shifting media landscape. The company plans to split into two publicly traded entities: The Streaming & Studios division, including Warner Bros. Television, Motion Picture Group, and HBO Max; and Global Networks, featuring CNN and TNT Sports. This decision aligns with broader industry trends as cable television faces increasing cord-cutting and stagnation.
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Bundles are the hottest new show in streaming
Livemint
·
1y ago
Medial
Disney and Warner Bros. Discovery have announced plans to launch a new streaming bundle that combines Disney+, Hulu, and Warner's Max service. The bundle will offer both ad-supported and ad-free options and will be available at a later date this year. Additionally, the two companies are partnering with Fox to offer a joint-venture sports streamer. As traditional media companies face challenges from cord-cutting and increased competition, bundling is seen as a strategy to reduce churn and boost revenue. The success of these bundles will depend on how well Hollywood rivals can work together and differentiate themselves from Netflix.
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