Oracle’s Larry Ellison offers $40.4 billion guarantee to beef up Paramount’s Warner Bros bid

Oracle’s Larry Ellison offers .4 billion guarantee to beef up Paramount’s Warner Bros bid

Oracle co-founder Larry Ellison has stepped ⁠in to personally guarantee $40.4 billion in Paramount Skydance’s latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix. The guarantee, disclosed in a filing on Monday, seeks to allay the Warner Bros board’s doubts about Paramount’s financing and the lack … Read more

Bringing iconic stories: Netflix to its users about $72 billion Warner Bros deal

Bringing iconic stories: Netflix to its users about  billion Warner Bros deal

Netflix users are set for a major entertainment boost this Christmas season, as the streaming giant has begun sending emails and messages to subscribers announcing its landmark move to acquire Warner Bros. Discovery’s studios and streaming division in a colossal USD 72 billion deal. The popular streaming platform, though, clarified that nothing will immediately change … Read more

What Netflix’s acquisition of Warner Bros means for the movies

What Netflix’s acquisition of Warner Bros means for the movies

Netflix‘s deal to acquire Warner Bros, one of Hollywood’s oldest movie studios, poses seismic shifts to the entertainment industry and the future of moviegoing. As one of the remaining “big five” studios, the 102-year-old Warner Bros is an essential part of movie theatre business. The studio currently boasts three of the top five earning films … Read more

How Netflix won Hollywood’s biggest prize, Warner Bros Discovery

How Netflix won Hollywood’s biggest prize, Warner Bros Discovery

What started as a fact-finding mission for Netflix culminated in one of the biggest media deals in the last decade and one that stands to reshape the global entertainment business landscape, people with direct knowledge of the deal told Reuters. Netflix announced on Friday it had reached a deal to buy Warner Bros Discovery‘s TV, … Read more

Netflix to buy Warner Bros Discovery’s studios, streaming unit for $72 billion

Netflix to buy Warner Bros Discovery’s studios, streaming unit for  billion

Netflix has agreed to buy Warner Bros Discovery‘s TV and film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood‘s most prized and oldest assets to the streaming pioneer that has upended the media industry. The agreement – announced on Friday – follows a weeks-long bidding war … Read more

Dollar gains after two-day drop, US stock futures dip

Dollar gains after two-day drop, US stock futures dip

The dollar gained in early Asian trade after a two-day slide as investors across Asia stayed focused on exacerbated currency appreciations from Taiwan to Malaysia. A gauge of the dollar rose 0.3% after declining Monday as speculation around potential trade deals sparked an extraordinary spike in Taiwan’s dollar and resonated across global foreign exchange markets. … Read more

Netflix puts an end to password-sharing for subscribers in US

Netflix puts an end to password-sharing for subscribers in US

The great Netflix password crackdown has begun. The streaming giant sent out an email Tuesday to US members who are sharing their account with people living outside their household that made clear it would begin kicking people off the service if they were using someone’s account for more than 30 days while at a different … Read more

IPL 2020: It was a complete game, says David Warner after SRH crush RR in Dubai

IPL 2020: It was a complete game, says David Warner after SRH crush RR in Dubai

Sunrisers Hyderabad skipper David Warner praised his team’s all-round effort after they crushed Rajasthan Royals by 8 wickets in Match 40 of the Indian Premier League 2020 to keep their campaign alive this season. SRH rode on a record 140-run unbeaten partnership between Manish Pandey and Vijay Shankar to gun down 155 in 18.1 overs … Read more