Paramount Blames Netflix for Warner Bros Discovery Deal Complications
By
Ray Flook
Pulled from the oven just right. Trustworthy, fact-dense, deeply satisfying.
Summary
Paramount's chief legal officer is blaming Netflix for the difficulties surrounding David Ellison's Paramount Skydance deal to acquire Warner Bros Discovery from David Zaslav. The deal is approaching a "ticking fee" deadline, which would require Paramount to start paying WBD shareholders if the deal isn't completed. Additional hurdles include concerns from the European Union about a potential monopoly on kids' programming, as well as scrutiny from multiple U.S. states.
Key quotes
· 3 pulledParamount's chief legal officer thinks he knows who's to blame for the company's recent woes with the pending Warner Bros deal: Netflix.
David Ellison's Paramount Skydance deal to take over David Zaslav's Warner Bros Discovery is running into some hurdles as it inches closer to that 'ticking fee' deadline.
Along with concerns from the European Union regarding a monopoly on kids' programming, we also learned that a number of U.S. states are looking into the deal.
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