All articles tagged with #deal talks
Warner Bros. Discovery rejected Paramount Skydance's $30 per share takeover bid, citing concerns over valuation, regulatory issues, and the company's strategic direction, while the WBD board favored a deal with Netflix. The negotiations involved intense discussions over pay packages, foreign investment, and regulatory approvals, with Paramount's bid ultimately deemed insufficient compared to Netflix's offer.
The Writers Guild of America (WGA) and Hollywood studios will continue negotiations for a third day as hopes for a deal to end the strike grow. While rumors of a potential agreement circulated, significant issues and deal points remain unresolved. The presence of CEOs from major studios has accelerated discussions on contentious contract points, including a new minimum staffing formula for writers on TV programs and the use of artificial intelligence in writing. The WGA also seeks to include the right to honor strikes and picket lines of other unions in the master film and TV contract.