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Warner Bros.
Warner Bros. Discovery incurred a $2.8 billion Netflix termination fee, reimbursed by Paramount Skydance.
KEY POINTS
- WBD now has over 140 million streaming subscribers, surpassing its previous guidance.
- David Ellison’s Skydance and Paramount have a deal to acquire WBD for $111 billion.
- Warner Bros. Discovery's quarterly revenue fell, but streaming and studio revenues increased while linear TV declined.
- Paramount will inherit WBD’s net debt of just over $30 billion after acquisition.
COMPANIES
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