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Paramount-Warner merger clears final hurdle as U.S. court approves deal, $300 million media giant set to emerge

Paramount-Warner merger clears final hurdle as U.S. court approves deal, $300 million media giant set to emerge

Antitrust lawsuit by 12 states reaches dramatic settlement, with the M&A deal set for final closing on the 6th of this month
Legal settlement eases monopoly concerns and reshapes the media landscape The merger between 'Paramount Skydance' and 'Warner Bros. Discovery', which had signaled a seismic shift in the global film and television industry, has cleared its final hurdle.
| James choi
Paramount-Warner merger clears final hurdle, stocks jump 10% on 2 trillion won twist

Paramount-Warner merger clears final hurdle, stocks jump 10% on 2 trillion won twist

Settlement of antitrust lawsuits by 12 states puts deal on track to close within two weeks, with conditions requiring 30 releases a year and editorial independence
Paramount-Warner merger enters final countdown Deal settles antitrust lawsuits with $1. 5 billion film investment over five years and a requirement to release 32 films by the 30th of this month The birth of a media giant poised to reshape Hollywood has finally entered its countdown.
| James choi
Netflix Acquires Warner Bros for 72 Billion Dollars... Embracing Movies and HBO

Netflix Acquires Warner Bros for 72 Billion Dollars... Embracing Movies and HBO

Absorbing only the 'valuable' excluding cable like CNN... Achieving the largest M&A in media history
Global number one streaming platform Netflix has successfully completed a 'deal of the century' that will shake up the media industry by acquiring the core business divisions of Hollywood traditional powerhouse Warner Bros. Discovery (hereinafter Warner Bros. ).
| 김지민
Birth of a Super Giant Media Company? News of Netflix's Acquisition of Warner Reported

Birth of a Super Giant Media Company? News of Netflix's Acquisition of Warner Reported

Despite reports that Netflix is seeking advice from investment banks, there is no official stance from either company
Big news has emerged that Netflix is considering the acquisition of Warner Bros. Discovery. The media outlet 'CNBC' reported that Netflix is actively moving to acquire Warner Bros. Discovery, confirming this with several sources.
| Seongchan Eol
Netflix’s 1,000-Job Layoff Wave… Film Chief Resigns Ahead of October 20 Earnings, Top Executives Exit in Droves

Netflix’s 1,000-Job Layoff Wave… Film Chief Resigns Ahead of October 20 Earnings, Top Executives Exit in Droves

U.S. TV share falls 7.8% and $300 million blockbuster flops as key executives, including film chief Dan Lin, depart one after another
Content leadership vacuum and a string of big-budget film failures As global streaming giant 'Netflix' faces a severe slowdown in growth and the risk of losing viewers, a wave of departures among key executives is accelerating.
| James choi
TVING ends Apple TV alliance, shuts brand channel Nov. 23

TVING ends Apple TV alliance, shuts brand channel Nov. 23

TVING officially confirms the contract expiration through its customer service center on the 14th, with service ending at 4 p.m.
Homegrown OTT platform pursues "profitability," upgrading its platform through focus and discipline TVING, one of South Korea's leading online video services , is ending its strategic partnership with global giant Apple TV.
| James choi
Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Domestic operating profit reaches just 20.3 billion won, highlighting uneven revenue-sharing structure behind K-content's success
Global online video streaming giant 'Netflix' generated more than 1 trillion won in revenue in South Korea last year for the first time since entering the market. But 81% of that massive revenue was remitted to its U. S. headquarters, leaving the Korean entity with operating profit of just 20.
| James choi
Princess Ubolratana visits Busan as first Country of Focus guest at BIFF, with three films including 'Burning Giants'

Princess Ubolratana visits Busan as first Country of Focus guest at BIFF, with three films including 'Burning Giants'

The 31st Busan International Film Festival selects Thailand as ACFM Country of Focus, with the 21st market running at BEXCO from Oct. 10-13
Thailand puts 'soft power' forward as a new force in Asia's content market Princess 'Ubolratana Rajakanya' of Thailand's royal family visited Busan, where the 31st 'Busan International Film Festival ' is underway, highlighting the country's cultural influence and the powerful potential of its film...
| James choi
“Lies as Easily as Breathing”: Musk, Altman and Zuckerberg Become Hollywood’s New Villains

“Lies as Easily as Breathing”: Musk, Altman and Zuckerberg Become Hollywood’s New Villains

‘Social Reckoning’ flops with $5.5 million opening weekend; Amazon abandons distribution of $40 million film
Zuckerberg becomes a screen villain as ‘Social Reckoning’ bombs at the box office Amazon abandons distribution of ‘Artificial,’ due in theaters in December, amid pressure allegations and a dismal showing The Silicon Valley titans who lead America’s “big tech” companies and the billionaire founders...
| James choi
Argentine folk legend Piero, whose “Mi Viejo” moved the world, dies at 81

Argentine folk legend Piero, whose “Mi Viejo” moved the world, dies at 81

- Piero laid to rest in Buenos Aires on the 7th local time as his death was announced through his official social media accounts - Musical giant who captivated all of Latin America with his 1969 debut hit “Mi Viejo” (“My Father”) - Inducted into the Latin Grammy Hall of Fame in 2007 and received the Latin Grammy Lifetime Achievement Award in 2016 - Last connected with fans through a 60th anniversary tour last year as tributes pour in from the global Latin music community
Argentine legendary singer-songwriter Piero (81, born Piero Antonio Franco De Benedictis), whose distinctive clear and resonant voice moved the hearts of Latin music fans across generations, has died. He was 81.
| Yangsimoh