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In reversal, Warner Bros. jilts Netflix for Paramount

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In reversal, Warner Bros. jilts Netflix for Paramount

Warner Bros. Discovery said Thursday that it prefers the latest offer from rival Hollywood studio Paramount over a bid it accepted from Netflix.

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The Warner Bros. Discovery board announced late Thursday afternoon that Paramount’s sweetened bid to buy the entire company is “superior” to an $83 billion deal it had struck with Netflix for the purchase of its streaming services, studios, and intellectual property.

Netflix says it is pulling out of the contest rather than try to top Paramount’s offer.

“We’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid,” the streaming giant said in a statement.

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Warner had rejected so many offers from Paramount that it seemed as though it would be a fruitless endeavor. Speaking on the red carpet for the BAFTA film awards last weekend, Netflix CEO Ted Sarandos dared Paramount to stop making its case publicly and start ponying up cash.

‘If you wanna try and outbid our deal … just make a better deal. Just put a better deal on the table,” Sarandos told the trade publication Deadline Hollywood.

Netflix promised that Warner Bros. would operate as an independent studio and keep showing its movies in theaters.

But the political realities, combined with Paramount’s owners’ relentless drive to expand their entertainment holdings, seem to have prevailed.

Paramount previously bid for all of Warner — including its cable channels such as CNN, TBS, and Discovery — in a deal valued at $108 billion. Earlier this week, Paramount unveiled a fresh proposal increasing its bid by a dollar a share.

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On Thursday, hours before the Warner announcement, Sarandos headed to the White House to meet Trump administration officials to make his case for the deal.

The meetings, leaked Wednesday to political and entertainment media outlets, were confirmed by a White House official who spoke on condition he not be named, as he was not authorized to speak about them publicly.

President Trump was not among those who met with Sarandos, the official said.

While Netflix’s courtship of Warner stirred antitrust concerns, the Paramount deal is likely to face a significant antitrust review from the U.S. Justice Department, given the combination of major entertainment assets. Paramount owns CBS and the streamer Paramount Plus, in addition to Comedy Central, Nickelodeon and other cable channels.

The offer from Paramount CEO David Ellison relies on the fortune of his father, Oracle co-founder Larry Ellison. And David Ellison has argued to shareholders that his company would have a smoother path to regulatory approval.

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Not unnoticed: the Ellisons’ warm ties to Trump world.

Larry Ellison is a financial backer of the president.

David Ellison was photographed offering a MAGA-friendly thumbs-up before the State of the Union address with one of the president’s key Congressional allies: U.S. Senator Lindsey Graham of South Carolina, a Republican.

Trump has praised changes to CBS News made under David Ellison’s pick for editor in chief, Bari Weiss.

The chair of the Federal Communications Commission, Brendan Carr, told Semafor Wednesday that he was pleased by the news division’s direction under Weiss. She has criticized much of the mainstream media as being too reflexively liberal and anti-Trump.

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“I think they’re doing a great job,” Carr said at a Semafor conference on trust and the media Wednesday. As Semafor noted, Carr previously lauded CBS by saying it “agreed to return to more fact-based, unbiased reporting.”

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How does the Kennedy Center board make decisions? This legal filing sheds some light

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How does the Kennedy Center board make decisions? This legal filing sheds some light

The Kennedy Center, the facade of which remains covered with a tarp, is seen in Washington, DC, on June 28, 2026. A US federal judge asked on June 24 for an explanation for why a tarpaulin continues to cover the facade of the Kennedy Center where President Donald Trump’s name was recently removed. District Judge Christopher Cooper gave the board of trustees of the performing arts venue until the end of July to explain “the purpose for and status of the tarp and scaffolding that Defendants have erected on the front portico of the Center.”

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More than two weeks ago, President Trump’s name was removed from the Kennedy Center facade though it is still covered by a tarp and the legal battle continues.

On Monday, a U.S. Department of Justice filing on behalf of the Kennedy Center included some surprises. The document was submitted in response to issues raised by lawyers for ex-officio board member Rep. Joyce Beatty of Ohio who is suing to remove President Trump’s name from the center and stop its closure for renovations.

Among the revelations, the Kennedy Center admitted that, during a board meeting on December 18, 2025, Beatty had been “muted and prevented from speaking.” It was at that meeting that the board voted to add President Trump’s name to the center. The filing later acknowledges the congresswoman was “prevented from voicing her opposition.”

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The John F. Kennedy Center for the Performing Arts is a living memorial to its namesake. The guidelines for how the theatre complex spends federal dollars are very specific. Among other rules, it states that “no additional memorials or plaques shall be designated or installed.” Beatty argues adding Trump’s name runs afoul of those rules and that any change requires approval from Congress.

According to one of Beatty’s filings, “There was no advance notice in the agenda that the Board would be considering a name change,” a statement the Kennedy Center now does not deny. The center admits that, prior to voting, there was “no discussion about potential risks or downsides of the vote to adopt a secondary name for the Center.” Nor was there a board discussion “about any potential conflict of interest that might result from the vote.”

The center’s lawyers previously contended that if Trump’s name were to be removed, it would “lose money from donors who support” him and “impede the Center’s fundraising efforts.”

Closing for renovations

Earlier this year, Trump announced on social media that the Kennedy Center would close for two years for renovations. He wrote that he made the decision after “a one year review” with “Contractors, Musical Experts, Art Institutions, and other Advisors and Consultants.”

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ICICLE: Capturing Interest in Chinese Brands

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ICICLE: Capturing Interest in Chinese Brands
Executive president, Louise Xu, explains in our latest report ‘Face to Face With Luxury Clients’ how the Shanghai-based quiet luxury label is tapping rising interest in Chinese brands, the differences between Chinese and Western consumers and the logic behind a novel retail concept that includes a garden, art gallery and restaurant.
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‘Dead but Dreaming of Electric Sheep’ is full of beautifully written grotesqueries

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‘Dead but Dreaming of Electric Sheep’ is full of beautifully written grotesqueries

Paul Tremblay has made a career of pushing the horror genre – and the novel format – in strange and exciting new directions.

In his latest, Dead but Dreaming of Electric Sheep, the author offers an amalgamation of genre elements that can be best described as psychological-dystopian-science-fiction horror. It’s a mouthful, but the narrative does all of that and more in a way that defies categorization.

Julia Flang is a former semiprofessional gamer working two mediocre jobs she dislikes and living in a modest ranch house in a San Fernando Valley suburb with her retired uncle, whom she calls Uncle Fun. Julia likes movies and gaming but there’s little else going on in her life, so when her estranged mother, the CFO of a large tech company, contacts her with a possible job offer – a “once-in-a-lifetime thing” that pays handsomely just for doing the interview – she hesitantly agrees.

The job is relatively simple and perfect for someone with gaming skills: using a controller built into a phone to get a man, who is stuck in a vegetative state, from California to the East Coast. It will require her to learn how to control his body – walking, moving, sitting, standing, using his arms – so she can maneuver him out of the facility where he is located and into cars and planes and through crowded airports. A fan of movies, Julia decides to call the man Bernie – after the movie Weekend at Bernie’s. When the ethics of the job start to bother her, Julia realizes it’s too late and she must go through with it. However, she’s soon contacted by people interested in sabotaging the whole thing, people who, like her, don’t align with the shady interests of conglomerates and those set to make “gobs of money” from this new, somewhat inhuman technology.

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As with every Tremblay novel, any synopsis barely scratches the surface. The novel’s chapters alternate between Julia and you (yes, you). Julia’s chapters are “normal” in the sense that they obey a chronological order and have action, basic descriptions of movement and places, and dialogue. The chapters in second person are like fever dreams from a shadow world; the desperate experiences of a man trapped inside his own body with no control of it, no clue what’s happening to him, and only a few fragmented memories of his life. Also, Tremblay uses a similarly fragmented style of storytelling (including words and sentences trapped in boxes and/or “moving” on the page) to keep things interesting but also confusing and creepy.

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