Paramount Secures $24B from Gulf Funds

Paramount Skydance secured nearly $24 billion from Gulf wealth funds including Saudi Arabia's PIF, Qatar Investment Authority, and Abu Dhabi's L'imad Holding to support its $81 billion Warner Bros. Discovery acquisition.

Netflix signs deal with Affleck-Damon's production company

Artists Equity, led by Ben Affleck and Matt Damon, signs first-look deal with Netflix for streaming releases, despite recent criticism from RedBird Capital's Gerry Cardinale.

Warner Bros Discovery to decline Paramount offer

Warner Bros Discovery's board to reject Paramount Skydance's $108.4 billion hostile takeover bid, favoring Netflix's $83 billion offer despite lower cash value, citing regulatory uncertainties and integration risks.