Warner Bros. Discovery Inc. is considering reopening sale talks with Paramount Skydance Corp., potentially igniting a bidding war with Netflix Inc., according to a source familiar with the matter. The Warner Bros. board is discussing whether Paramount could offer a superior deal, after Paramount submitted amended terms last week, addressing several concerns.
The potential renewed negotiations come as the board still has a binding agreement with Netflix, according to a source who requested anonymity. Paramount's amended terms reportedly include covering a $2.8 billion fee owed to Netflix if Warner Bros. terminates their agreement, according to Fortune.
This development in the film industry is one of several stories making headlines this week. Other notable news includes updates on sports, such as the India-Pakistan T20 World Cup, and developments in the music industry, as reported by multiple sources.
Meanwhile, Scottish craft beer company Brewdog is exploring a potential sale and seeking new investors due to economic pressures and a desire for long-term stability, according to multiple news reports. Financial experts have been brought in to oversee the process, but the company assures that its operations will continue as usual, according to Variety. This news emerges alongside other developments, including the latest Disney-Nike collaboration, as reported by Variety.
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