
Latest Entertainment News
Warner Bros. Reopens Paramount Merger Talks with 7-Day Netflix Waiver
Warner Bros. Discovery has reopened negotiations with Paramount Skydance for one week after receiving a waiver from Netflix, allowing the companies to discuss unresolved deficiencies and clarify terms of Paramount's bid. Netflix granted the limited waiver but retains matching rights, and Warner's board continues to recommend shareholders support the Netflix deal, with a shareholder vote scheduled for March 20
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Warner Bros. Sets March 20 Shareholder Vote on Netflix Merger
Warner Bros. Discovery announced a Special Meeting of Shareholders on March 20, 2026, to vote on its proposed $72 billion merger with Netflix, while the definitive proxy statement is being mailed to shareholders. The merger would cover Warner's studio, streaming business HBO Max, and legacy TV and movie production arms, with an enterprise value of approximately $83 billion
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Paramount Sweetens Offer with Ticking Fee and Breakup Cost Coverage
Paramount Skydance countered with a latest overall bid of approximately $77.9 billion and pledged to cover Warner's $2.8 billion Netflix breakup fee while offering shareholders 25 cents per share quarterly if the deal extends beyond December 31. The company also agreed to backstop Warner Bros. debt refinancing to strengthen its competing offer
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Netflix Confident in WBD Merger Despite Paramount Competition
Netflix stated it remains confident that its proposed transaction provides superior value and certainty, while acknowledging the ongoing distraction caused by Paramount's competing bid. The streaming giant noted it granted the seven-day waiver to allow Warner Bros. to finally resolve the matter with Paramount
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Celebrity Birthdays Celebrated on February 18
John Travolta, Molly Ringwald, and Vanna White are among notable celebrities celebrating birthdays today. Travolta, 72, is renowned for iconic roles in Saturday Night Fever, Grease, and Pulp Fiction, while Vanna White, 69, holds a Guinness World Record as television's most frequent clapper on Wheel of Fortune
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Actress Cybill Shepherd Turns 76
American actress Cybill Shepherd, who rose to prominence with her performance in the 1971 film The Last Picture Show, celebrates her birthday today. Her dynamic career includes award-winning television roles, a notable singing career, and she is known for her outspoken advocacy
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