HBO Max added subscribers and Q4 streaming revenue grew. Warner Bros. Discovery media networks lost ground with advertising pinched year-on-year by the loss of the NBA in a mixed quarter. But it’s the roiling M&A tide, with Paramount suddenly in a position to hijack a planned Netflix transaction, that’s top of mind on Wall Street amid WBD’s latest financials. Suitors had been looking under the hood for months, earnings are a peek inside for everyone else.
The David Ellison and David Zaslav-run companies are currently in talks, a new development that means PSKY’s latest offer has a shot at at the deal. If WBD decides Paramount’s offer is superior, Netflix will have four business days to match it. Paramount executives offered no update on an earnings call Wednesday, with the same likely from WBD at its analysts’ confab set for 8:30 am ET.
Källa: Deadline
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