The media reported on the plans of Warner Bros. reject Paramount's purchase offer
The Warner Bros. Company Discovery intends to reject Paramount Skydance's purchase offer in favor of the Netflix streaming service. This was reported on December 16 by The Wall Street Journal (WSJ), citing sources.
«Warner Bros. Discovery is preparing to tell its shareholders to reject Paramount's latest offer," the publication says.
It is clarified that the agreement on the acquisition of the company by the streaming service is the most preferable, despite the fact that they offer a lower amount.
Netflix announced on December 5 that it will acquire the Warner Bros. film studio. Discovery for $82.7 billion According to the streaming service, this deal will be able to combine two leading entertainment businesses. It was noted that many of the studio's franchises, including "The Big Bang Theory", "Game of Thrones" and others, will be included in the Netflix portfolio.
Later, on December 7, the Financial Times newspaper reported that Hollywood is preparing for possible budget cuts and job cuts after Netflix acquires the Warner Bros. film studio. It was noted that film agents, producers and other cinema figures are concerned that the deal between Netflix and Warner will lead to a reduction in the number of buyers of TV series and films, and therefore to a decrease in work in the field of cinema, the material says.
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