WBD
Coverage of WBD in the Nexus archive.
- Warner Bros. Discovery's streaming revenue grew 10% as Paramount merger heads to trial
Warner Bros. Discovery reported that its streaming segment surpassed $3 billion in revenue, marking a 10% growth. However, the company's total quarterly revenue declined by 11% and missed Wall Street expectations as the Paramount merger moves toward trial.
- Paramount-WBD merger criticism based on David Ellison’s politics, future of CNN, CEO writes
David Ellison, CEO of Paramount, criticizes the Paramount-WBD merger based on politics and the future of CNN. He argues that news organization leaders should not influence company-related matters.
- Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge
Paramount has delayed its acquisition of WBD to as late as June 2027 from an earlier target of September's end due to a legal challenge. Paramount described the agreement as a 'significant win.'
- Democratic states sue to block Paramount’s $110bn WBD acquisition
Democratic states have filed a lawsuit to block Paramount's $110 billion acquisition of WBD. The legal action could delay the deal and result in significant financial costs for the studio.
- Paramount Skydance meets with DOJ about WBD deal, allows critics to listen in on talks: sources
Paramount Skydance is meeting with the DOJ to discuss its WBD deal, allowing critics to attend. Opposition claims the merger would reduce jobs and competition, but Paramount insiders suggest political motives are behind the resistance.