Along with the deal, which values Warner Bros. Discovery at $31 per share, Paramount is making several commitments to assuage the fears of regulators and the entertainment community. Those include a guarantee that the new company will produce 30 theatrical films annually, that theatrical releases will have a minimum 45-day window in theaters before they’re brought to video on demand (something Netflix ultimately also agreed to) and that deal itself will close by Q3 2026.
Professor Michael Wooldridge has given this year’s Royal Society’s Michael Faraday Prize lecture. He speaks to Tom Whipple about why the AI we have is not what he wanted it to be; rational. And science columnist at the Financial Times Anj Ahuja brings her favourite new science to discuss.
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Just months after Netflix struck a deal to acquire the Warner Bros. studio, HBO, HBO Max, and Warner Games, the streaming giant has backed out of the arrangement, declining to raise its offer beyond Paramount’s “best and final” bid.