Reading List
The most recent articles from a list of feeds I subscribe to.
Energym
“An interview from 2036 with Elon Musk, Jeff Bezos, and Sam Altman.” This is what AI video generation was meant for.
Netflix Backs Out of Bid for Warner Bros., Paving Way for Paramount Takeover
The New York Times:
Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery, a stunning development that paves the way for the storied Hollywood media giant to end up under the control of a rival bidder, the technology heir David Ellison.
Netflix said that it would not raise its offer to counter a higher bid made earlier this week by Mr. Ellison’s company, Paramount Skydance, adding in a statement that “the deal is no longer financially attractive.”
“This transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” the Netflix co-chief executives, Ted Sarandos and Greg Peters, said in a statement.
Netflix’s stock is up 9 percent in after-hours trading. This is like when you have a friend (Netflix) dating a good-looking-but-crazy person (Warner Bros.), and the good-looking-but-crazy person does something to give your friend second thoughts. You tell your friend to run away.