Paramount Skydance defends $111B Warner Bros. Discovery acquisition, accuses Netflix of trying to 'poison' deal
By
Daniel Miller
FeedBagel synthesis
· 2 sourcesParamount Skydance is defending its proposed $111 billion acquisition of Warner Bros. Discovery, accusing Netflix of trying to "poison" the deal. In a letter obtained by POLITICO, Paramount legal executive Makan Delrahim argued the acquisition would create more work for unionized Hollywood workers, not reduce opportunities. Bleeding Cool reported that the deal faces a "ticking fee" deadline and additional hurdles, including EU concerns about a monopoly on kids' programming and scrutiny from multiple U.S. states.
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
Paramount Skydance responds to Teamsters' concerns about its proposed $111 billion acquisition of Warner Bros. Discovery, arguing the deal will create more work for unionized Hollywood workers rather than reduce opportunities. In a letter obtained by POLITICO, Paramount legal executive Makan Delrahim accuses Netflix of trying to "poison" the deal, claiming the acquisition would foster "new competitive energy and increased content investment" that directly benefits organized labor.
Key quotes
· 3 pulledParamount acquiring WBD will not reduce work opportunities for the Teamsters or other organized labor.
Paramount Skydance responded that its prospective purchase of Warner Bros. Discovery would create more work for Teamsters and other unionized Hollywood workers.
Paramount Skydance accused Netflix of trying to 'poison' its acquisition of Warner Bros. Discovery.
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