Thomas Fuller | Lightrocket | Getty Images Tubi hit profitability this year doing what other streaming services are trying to: attract younger audiences who are willing to sit through ads. The Fox Corp.-owned free streaming platform has long been among a sort of second tier of streaming services alongside lower-budget and less popular offerings like…
Ted Sarandos, left, co-CEO of Netflix, and David Zaslav, CEO of Warner Bros. Discovery. Mario Anzuoni | Mike Blake | Reuters Hours before Warner Bros. Discovery agreed to sell its studio and streaming assets to Netflix, Ted Sarandos, the co-CEO of Netflix, called WBD CEO David Zaslav to inform him Netflix wouldn’t be bidding any…
US film producer David Ellison arrives for Paramount’s “Transformers: Rise Of The Beasts” premiere in New York City on June 5, 2023. Angela Weiss | Afp | Getty Images Paramount Skydance on Monday guaranteed the backing of billionaire Larry Ellison in an amended offer for Warner Bros. Discovery — a clear response to questions raised…
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the election of President Donald Trump more than a year ago, executives and bankers…
Noah Schnapp, Caleb McLaughlin, Finn Wolfhard and Gaten Matarazzo star in Season 5 of Netflix’s “Stranger Things.” Courtesy: Netflix The original concept for what would become “Stranger Things” was rejected by more than 15 studios before landing a spot on Netflix’s roster of original programming. A decade later, the show created, written and directed by…
CNBC’s Jim Cramer on Tuesday told investors that it can be worthwhile to put trust in a good stock, even if a negative narrative about the company is gaining traction on Wall Street. “If you want to make big money in individual stocks, you need to be a believer,” he said. “Sometimes it doesn’t pay…
Apple gets a raise, and Wells Fargo wants to expand. Here are updates on two portfolio stocks in the news. Apple The news : Citi raised its price target on Apple to $330 from $315, implying roughly 19% upside from Tuesday’s close. The firm’s analysts, who maintain a buy rating on the shares, expect iPhone sales…
U.S. President Donald Trump poses on the red carpet for the 2025 Kennedy Center Honors at the John F. Kennedy Center for the Performing Arts in Washington, D.C., U.S., December 7, 2025. Jeenah Moon | Reuters President Donald Trump expressed skepticism on Sunday night about Netflix‘s proposed acquisition of parts of Warner Bros. Discovery, saying…
Paramount Skydance CEO David Ellison at Netflix’s “America’s Team: The Gambler and His Cowboys” at The Egyptian Theatre in Los Angeles, Aug. 11, 2025. Gilbert Flores | Variety | Getty Images Paramount Skydance laid out its plan Monday to persuade Warner Bros. Discovery shareholders that it’s a better buyer for the company than Netflix. The…
Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week and equates to an…
