Warner Bros. has officially confirmed that a sequel to Hogwarts Legacy is in development, marking the clearest signal yet that the blockbuster wizarding world game is becoming a long-term franchise for the studio.
Sean “Diddy” Combs has escalated his legal fight with Rodney “Lil Rod” Jones, filing a countersuit that accuses the videographer and producer of stealing private footage and secretly selling it to Netflix for use in the documentary series Sean Combs: The Reckoning.
David Ellison’s pursuit of Warner Bros. Discovery has become a high-stakes test of whether Hollywood’s next era of consolidation can survive political scrutiny, financing pressure and industry anxiety over who gets to control some of entertainment’s most valuable assets.
Paramount Skydance is prepared to consider selling CNN if that is what it takes to resolve an antitrust challenge threatening to derail its proposed $111 billion takeover of Warner Bros. Discovery, according to remarks attributed to the company’s top legal executive.
Paramount Skydance is signaling that a divestiture of CNN remains a possible bargaining chip as it looks for a path through California’s antitrust challenge to its planned $110 billion acquisition of Warner Bros. Discovery.
David Ellison’s pursuit of Warner Bros. Discovery has moved from confident dealmaking to a high-stakes defensive campaign, as the Paramount Skydance chief executive confronts mounting regulatory resistance, political scrutiny and a shifting Hollywood landscape around a proposed transaction valued at roughly $111 billion.
Warner Bros. has confirmed that a follow-up to Hogwarts Legacy is officially in development, putting one of the company’s most valuable gaming properties back at the center of its long-term entertainment strategy.
Paramount is weighing a major relocation of operations out of California as early as October, according to people familiar with the discussions, as the company grows increasingly frustrated with what it views as a politically charged push by a coalition of state attorneys general to challenge its proposed merger with Warner Bros. Discovery.
Netflix is sending a new animated Willy Wonka movie to theaters before it arrives on the streaming service, a notable shift for a company that has traditionally kept its biggest family titles closest to home.
Paramount Skydance is weighing a potential sale of CNN as it looks for ways to ease antitrust concerns over its proposed $110 billion merger with Warner Bros. Discovery, a deal that has already drawn a legal challenge from a coalition of states.
‘You have a fiduciary duty to shareholders,’ the Hollywood conglomerate’s top legal officer said at an event on Wednesday.
Paramount Skydance could be the next major company to leave California as the media giant faces intensifying antitrust scrutiny over its purchase of Warner Bros. Discovery.
Makan Delrahim, Paramount’s top legal officer, said the Los Angeles-based company is “committed” to staying in California. But he also noted that “you have a fiduciary duty to shareholders.”
“You have
Amid rising interest and value in all things surrounding sports and TV/streaming, one of the biggest sports brand teams — the Los Angeles Lakers — are being sold for the second time in less than ayear.
With the $12 billion deal, former long-time Walt Disney CEO Bob Iger and venture capitalist Josh Kushner will own a controlling interest sold to them from financier/investment manager MarkWalter.
Under the terms of the deal a year ago, Walter bought a controlling interest in the Lakers, totali
Paramount’s board has approved a possible move from California as early as October 1, Bloomberg reported, citing an insider familiar with the company’s plans. Chief Executive Officer David Ellison told senior executives last week that the move would involve headquarters staff first, but that he’s putting together a five-year plan to shift most of the film and TV studio’s jobs to the new home.
This movie could also include the sale of one of the two big studio lots owned by Paramount and Warner
Paramount PSKY 1.19%increase; up pointing triangle could start moving out of Hollywood as soon as October if it can’t make progress toward settling the antitrust suit California and 11 other states brought to block its acquisition of rival Warner Bros. Discovery WBD 0.74%increase; up pointing …
Los Angeles (United States) (AFP) – California accused Paramount of “blackmail” on Tuesday over a reported threat to pull the company out of the state because of lawsuits aimed at stopping its mega-merger with Warner Bros.
A dozen US states have launched legal action to block a $110 billion move that would see the firm swallow the storied Hollywood studio, claiming the debt-laden deal — financed by Middle East oil money — would reduce competition in the movie industry and lead to job cuts.
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David Ellison is making it clear that he’ll do just about anything to close his deal to buy Warner Bros. Discovery.
Even, perhaps, taking his Hollywood company far from Hollywood.
Mr. Ellison, Paramount’s chief executive, told his senior leadership team last week that he would begin pulling the company out of California on Oct. 1 if there was no progress toward resolving a lawsuit by state attorneys general seeking to block the deal, according to three people with knowledge of his remarks.
It
A reported threat by Paramount to move its massive studio operation out of California unless the state drops a legal challenge to its proposed merger with Warner Bros. amounts to a “blackmail” attempt, Attorney General Rob Bonta said Tuesday.
Variety reported Tuesday that Paramount-Skydance CEO David Ellison informed senior executives at the company last week he’s prepared to relocate the combined studio business out of the state unless Bonta and other state attorneys general negotiate a settle
California Attorney General Rob Bonta on Tuesday denounced reports that Paramount might relocate its studio operations out of state unless officials drop a legal challenge to its proposed merger with Warner Bros., calling the threat a “blackmail” attempt.
Variety reported Tuesday that Paramount-Skydance CEO David Ellison told company executives last week he is prepared to move the combined studio business away if Bonta and other state attorneys general fail to negotiate a settlement over their
The iconic Paramount water tower may be hauled out of Hollywood if David Ellison doesn’t get his way. Puck was the first to report that Paramount Skydance CEO David Ellison told his leadership team that he’s considering moving the company out of California if Rob Bonta, the California attorney general, doesn’t negotiate a settlement related to the Paramount-Warner Bros merger before October 1. California, along with 11 other states, has sued Paramount Skydance and will go to trial in March to de
The CEO reportedly gave his executive leadership team an idea of when and where the company might move if state Attorney General Rob Bonta doesn’t settle his antitrust case
David Ellison plans to move Paramount Skydance out of California if state Attorney General Rob Bonta refuses to budge over the Warner Bros. Discovery merger by Oct. 1.
According to multiple media reports on Monday after an initial Puck story, Ellison held an hourlong lunch meeting on the Paramount lot with his 12-member exe
AMC, Regal and Vue publicly support David Ellison, but much of the theatrical world remains skeptical
As its legal battle with 12 state attorneys general heats up, Paramount Skydance is stepping up its campaign to get entertainment executives to support its merger with Warner Bros. Discovery, with everything from a David Ellison op-ed to glowing statements from execs to a written pledge to increase theatrical output. The company’s efforts to gain the backing of the movie theater industry at the