Discovery, creating a direct challenge to Netflix, which recently announced its own agreement to acquire the Hollywood studio. Discovery at $108.4 billion, which Paramount says gives shareholders a better deal than Netflix’s nearly $83 billion proposal. Netflix’s bid caused strong reactions in Hollywood last week, with many worried about market control and the future of theatrical film releases.U.S. President Donald Trump said Netflix’s deal “could be a problem” and indicated he would be involved in government decisions regarding competition approval. It argues that Netflix would control about 43% of global streaming subscribers, possibly slowing down approval. Discovery shares jumped more than 7%, while Netflix shares fell over 3% after the news. A couple of days ago, Netflix made the announcement that it will soon launch in key South East Asia countries which includes Singapore and Hong Kong as well as Taiwan and South Korea. Netflix targets the roll out of their service in these 4 countries early 2016. Read more in our articles including "New Paramount offer challenges Netflix’s Warner Bros. deal" and "Netflix to launch in SG, HK, South Korea and Taiwan".
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May 16, 2022Discovery, creating a direct challenge to Netflix, which recently announced its own agreement to acquire the Hollywood studio. Discovery at $108.4 billion, which Paramount says gives shareholders a better deal than Netflix’s nearly $83 billion proposal.
Netflix’s bid caused strong reactions in Hollywood last week, with many worried about market control and the future of theatrical film releases.U.S. President Donald Trump said Netflix’s deal “could be a problem” and indicated he would be involved in government decisions regarding competition approval. It argues that Netflix would control about 43% of global streaming subscribers, possibly slowing down approval.
Our coverage of Netflix competition includes: "New Paramount offer challenges Netflix’s Warner Bros. deal"; "Netflix to launch in SG, HK, South Korea and Taiwan"; "Netflix shows about viruses, outbreaks, and pandemics". Each article provides unique insights and information.