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Shinsegae Group bets 1.4 trillion won on Warner Bros. acquisition, eyes Asian dominance with Harry Potter

Shinsegae Group bets 1.4 trillion won on Warner Bros. acquisition, eyes Asian dominance with Harry Potter

Secures a stake in the merger with a $1 billion investment, linking up with OTT platforms serving 200 million subscribers and unlocking theme-park synergies
Rewriting the rules of brick-and-mortar retail with blockbuster intellectual property Shinsegae Group is making a strategic bet amid a seismic shift in the global media industry. It will make an indirect investment of $1 billion, or about 1. 4 trillion won, in the acquisition of Warner Bros.
| James choi
Paramount–Warner $163 Trillion Deal: Cleared by EU, But Blocked by 12 U.S. States

Paramount–Warner $163 Trillion Deal: Cleared by EU, But Blocked by 12 U.S. States

Conditional EU approval hinges on divesting stakes within 13 months… British regulators hint at involvement, and the final resolution faces hurdles amid U.S. antitrust lawsuits
Will the Paramount-Warner $163 Trillion Mega Deal Come Together… Despite EU Approval, 12 U.S. States Signal Opposition Divestment of stakes within 13 months after conditional approval raises the possibility of intervention by British regulators The EU’s Tough Scrutiny: Clears the First Hurdle of...
| James choi
Murdoch’s Fox Buys Roku, the No. 1 U.S. Streaming Platform, for $22 Billion

Murdoch’s Fox Buys Roku, the No. 1 U.S. Streaming Platform, for $22 Billion

Fox secures the No. 1 platform after beating Google and Amazon on market share. Fox shares plunged 15% amid concerns about financial strain from the large acquisition
The expansion of the media empire has no end. Fox Corporation, a longtime media heavyweight that dominated 20th-century living rooms, has swallowed Roku, the gateway to the digital living room of the 21st century, for $22 billion (about 33 trillion won).
| James choi
As Warner Takeover Fears Shake Up the Deal, Paramount Blames Netflix

As Warner Takeover Fears Shake Up the Deal, Paramount Blames Netflix

Paramount sends a letter to the U.S. Justice Department saying Netflix is stirring up anti-merger sentiment, while Netflix calls the claims “utter nonsense” and disputes them head-on.
A landmark merger, and the checks and power plays hovering behind it “Paramount Global””’s “Paramount SkyDance” is zeroing in on “Netflix”, the biggest former rival in a prior takeover battle, as it moves toward its “Warner Bros.
| James choi
Kimura Takuya Starring Role in ‘The Brilliant Clan’: The Real-World Model, Sanyo Special Steel, to Disappear as It Is Absorbed

Kimura Takuya Starring Role in ‘The Brilliant Clan’: The Real-World Model, Sanyo Special Steel, to Disappear as It Is Absorbed

Nippon Steel will absorb Sanyo Special Steel via an acquisition merger in April next year. The company name with a 92-year history—from the largest bankruptcy after World War II to drama production—will vanish.
Exit After 92 Years: ‘Sanyo Special Steel’ Fully Absorbed by ‘Nippon Steel’ A major figure in the global steel market, ‘Nippon Steel’, officially announced that it will fully absorb its subsidiary ‘Sanyo Special Steel’ effective April 1 next year.
| James choi
Hollywood Star John Malkovich Receives Croatian Citizenship

Hollywood Star John Malkovich Receives Croatian Citizenship

John Malkovich, the lead actor in “Being John Malkovich,” becomes an official citizen of Croatia—proving a special connection to his great-grandfather’s homeland
Hollywood Legend “John Malkovich” Officially Receives Croatian Citizenship Renowned actor and director “John Malkovich” (72), a leading figure in American Hollywood, has become an official citizen of “Croatia.” According to an AFP report, the Croatian government held a special ceremony in the...
| James choi
Paramount–Warner Merger “Announce 30 Films Released Per Year”…Hollywood Reacts Coolly

Paramount–Warner Merger “Announce 30 Films Released Per Year”…Hollywood Reacts Coolly

Critics say it’s an unrealistic maneuver to secure merger approval
Is Paramount Sky Dance’s announcement of releasing 30 films per year a fake promise that deceives “Hollywood”? “Warner Bros. Discovery” is pushing ahead with the acquisition of “Paramount Sky Dance”, which laid out a blueprint of “releasing 30 movies per year,” but the “Hollywood” industry’s...
| James choi
Hollywood erupts in anger with 1,000 voices…Letter opposing Paramount–Warner merger worth about KRW 163 trillion

Hollywood erupts in anger with 1,000 voices…Letter opposing Paramount–Warner merger worth about KRW 163 trillion

More than 1,000 signatories, including Joaquin Phoenix and Denis Villeneuve…Strong warning: “The monopoly will collapse the creative ecosystem”
Worries over a Hollywood ecosystem breakdown—Putting the brakes on the birth of a media giant Hollywood is strongly pushing back against the massive `'Paramount Skydance'` and `'Warner Bros. Discovery'` `'acquisition and merger (M&A)'`, which signal seismic shifts in the global entertainment...
| James choi
Rescuing Struggling Small and Mid-Sized Films in Crisis… “KT Studio Genie” and “CJ CGV” Form a Major Alliance to Support Them

Rescuing Struggling Small and Mid-Sized Films in Crisis… “KT Studio Genie” and “CJ CGV” Form a Major Alliance to Support Them

One-stop support from theatrical releases to OTT distribution… Discovering and supporting 4+ films annually to build a sustainable, mutually beneficial content ecosystem
“KT Studio Genie”·“CJ CGV” Sign a Strategic “Memorandum of Understanding ” to Reshape the Content Ecosystem “KT Studio Genie” and “CJ CGV” have joined forces in a major move to provide full support for the theatrical release of “small and mid-sized films” that struggle to secure large-scale...
| James choi
Netflix Officially Acquires Ben Affleck's AI Film Production Company 'Interpositive'

Netflix Officially Acquires Ben Affleck's AI Film Production Company 'Interpositive'

An innovative company that complements technical flaws on set with AI... Ben Affleck joins as a senior advisor
The world's largest video streaming company, Netflix, has embraced the AI-based film production company founded by actor and director Ben Affleck. On the 5th , Netflix officially announced that it will acquire Interpositive, the AI film production company established by Affleck in 2022.
| 김지민