The Netflix-Warner Bros. Deal Has a Wildcard. How Paramount Could Still Win.
Netflix is paying billions for Warner Bros.’ film and streaming business, but it’s the value of CNN and other cable channels that could determine the deal’s outcome.
| Ticker |
DIS
|
| CIK | 0001744489 |
| SIC | 7990 |
| Sector | Services |
| Industry Category | Entertainment |
| Industry Group | Services – Misc. Entertainment |
| Address | 500 SOUTH BUENA VISTA STREET, BURBANK, CA, 91521 |
| Website | thewaltdisneycompany.com |
| Phone | (818) 560-1000 |
| CEO | Robert A. Iger |
| Employees | 220,000 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
The Netflix-Warner Bros. Deal Has a Wildcard. How Paramount Could Still Win.Netflix is paying billions for Warner Bros.’ film and streaming business, but it’s the value of CNN and other cable channels that could determine the deal’s outcome. Netflix Stock Falls. Wall Street Is Worried About Warner Deal’s High Price and Debt.Netflix is calling its purchase of Warner Bros. Discovery a transformational deal that will accelerate its growth, but the streaming leader is paying a stiff price for the Warner assets—and taking on substantial debt to do so. Netflix is paying $82.7 billion including assumed debt (roughly $72 billion of equity value) for the film and TV studio assets of Warner Bros., plus HBO Max and HBO. Warner Bros. Discovery will spin off its cable networks business to shareholders before the transaction closes. Paramount Considering Hostile Takeover Of Warner Bros.: ReportsLate Thursday, Paramount Skydance (PSKY) attempted a final, last ditch, all-cash bid to acquire the entirety of Warner Bros. Discovery (WBD) for $30 a share, according to the CNBC. Warner Bros. rejected the offer, but Paramount may not be giving up. Warner Bros. accepted Netflix's slightly lower offer of $27.75 for only part of the entertainment giant. Paramount shares tumbled... Paramount Made A Last-Minute, Final Bid For Warner Bros. It Got Rejected.Late Thursday evening, Paramount Skydance (PSKY) attempted a final, last ditch, all-cash bid to acquire the entirety of Warner Bros. Discovery (WBD) for $30 a share, according to the CNBC. Warner Bros. rejected that offer. Instead it accepted Netflix's slightly lower offer of $27.75 for only part of the company. Paramount shares tumbled on the news its final bid fell... The 28-year rise of Netflix, from DVD-by-mail service to Hollywood juggernautNetflix, founded in 1997, has grown into the world's largest streaming service with more than 300 million subscribers worldwide. |