Paramount Skydance isn’t giving up on obtaining Warner Bros. Discovery just yet. The company has amended its $108 billion offer to include Larry Ellison’s “irrevocable personal guarantee” equaling $40.4 billion. Ellison is the founder or Oracle and a backer of Skydance, created by his son David Ellison, Paramount Skydance’s CEO. On December 17, WBD formally…
Tom Freston has never been a typical media executive. Freston began with a countercultural spirit that shaped an adventurous career spanning from co-founding MTV to leading Viacom and Paramount Pictures. After spending 26 years at Paramount—now caught up in the $100 billion bidding for Warner Bros Discovery—he remains a defining figure in the evolution of modern entertainment….
Netflix is acquiring Estonian startup Ready Player Me, a company creating “cross-game avatar tech” that allows players to bring their digital personas with them to different games, the company’s CEO Timmu Tõke shared in a LinkedIn post. The acquisition is part of Netflix’s new games strategy, which puts an emphasis on approachable multiplayer titles and…