The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid. We believe we would have been … Read more
Apple TV and Netflix will both stream the eighth season of F1: Drive to Survive. The hit F1 documentary series that has so far been exclusive to Netflix, but the new season will debut on both streaming services on Friday. What Netflix gets is a live sporting event that doesn’t include Jake Paul or two … Read more
Donald Trump threatened that there would be “consequences” for Netflix if it didn’t fire board member Susan Rice. Rice served in both the Obama and Biden administrations, and recently appeared on Preet Bharara’s podcast, where she said corporations that “take a knee to Trump” are going to be “caught with more than their pants down. … Read more
As noted in the press release, a Paramount representative told WBD that it would agree to pay $31 per share if WBD reopens negotiations, adding that this isn’t Paramount’s “best and final proposal.” Paramount has been upping its bid to purchase the entirety of WBD for weeks now, offering to cover the $2.8 billion termination … Read more
Two hours before one of the most important live events in Netflix’s history, LA’s sprawling CBS Radford Studio Center is abuzz with the strangest combination of things. As I walk through one cavernous soundstage on a Tuesday afternoon, I hear multiple people warming up their voices to sing. I pass a man carefully waving a … Read more
When Netflix co-CEO Ted Sarandos entered the Senate office building on Tuesday, he got thrown a curveball. What started as a standard antitrust hearing relating to the Warner Bros. merger quickly devolved into a performative Republican attack about the spread of “woke” ideology on the streaming service. At the same time, arguably a much more … Read more
Netflix CEO Ted Sarandos was launched into the middle of a congressional culture war on Tuesday as he testified before a Senate subcommittee about the company’s attempt to buy a large part of Warner Bros Discovery. The hearing before the Senate Judiciary antitrust subcommittee highlighted an array of traditional merger concerns on both sides of … Read more
When ChatGPT launched, in November of 2022, it started a race that almost immediately consumed the tech industry. OpenAI didn’t invent the concept of AI, but most of the state-of-the-art technology was confined to research labs at companies and institutions around the world. Then, suddenly, it was everywhere. And better than anyone expected. So many … Read more
This is Lowpass by Janko Roettgers, a newsletter on the ever-evolving intersection of tech and entertainment, syndicated just for The Verge subscribers once a week. If you’re in the market for a new TV, you’ll have plenty of different options these days, ranging from display technologies (OLED vs. QLED vs. micro RGB) to styles (shiny … Read more
On today’s episode of Decoder, I’m talking about the bidding war over Warner Bros. Discovery, which is the biggest story in the entertainment industry right now, and for good reason. It has pretty much everything you could want in a buzzy Hollywood saga — big names, big money, and big drama. Right now, the winning … Read more