Hollywood
Trump explodes at Netflix, demands Susan Rice ouster as $83B merger hangs in the balance
Fiery ultimatum shakes streaming giant as politics collides with blockbuster Warner deal
NEW YORK: Donald Trump has called on Netflix to dismiss former UN Ambassador and board member Susan Rice immediately. His ultimatum arrives as the streaming company seeks to finalise an $83 billion acquisition of Warner Bros. Discovery’s studios and streaming platforms.
Writing on his Truth Social platform, Trump described Rice as a “political hack.” He warned the company to remove her or “pay the consequences,” though he did not specify what those repercussions might be. He dismissed her professional standing, stating, “She’s got no talent or skills – Purely a political hack! HER POWER IS GONE, AND WILL NEVER BE BACK.” He concluded his post by questioning her compensation and the value she brings to the company.
The friction appears toa be rooted in Rice’s recent comments during an interview on Preet Bharara’s “Stay Tuned with Preet” podcast. During the discussion, Rice suggested that a Democratic victory in the midterm elections would bring an “accountability agenda” for corporations that she believes bypassed regulations during the Trump administration. She stated that if these corporations think the Democrats will “play by the old rules” or forgive them for policies and principles violated, “I think they’ve got another thing coming.”
The scale of the $83 billion acquisition would represent a monumental shift in the media landscape, bringing together assets such as CNN, HBO, and Warner Bros. Studios under the Netflix umbrella. While the political rhetoric intensifies, Netflix has not yet responded to requests for comment regarding president’s statements or the future of Rice’s position on its board. Industry analysts are now watching closely to see if these political tensions will influence the regulatory approval process required for such a significant merger.
Hollywood
WBD sets April 23 vote on $110bn Paramount Skydance merger
Investor approval key step, but regulators loom over mega media deal
NEW YORK: Warner Bros. Discovery has set April 23 as the date for shareholders to vote on its proposed $110 billion merger with Paramount Skydance, marking a crucial step in one of the biggest media deals in recent years.
The all-cash transaction offers WBD shareholders $31 per share, a hefty 147 per cent premium to its unaffected stock price, signalling strong intent to push the deal across the finish line. The company’s board has unanimously backed the merger and is urging investors to vote in favour.
Even if shareholders give the green light, the deal is far from done. Regulators in the United States and Europe are expected to scrutinise the merger closely, weighing concerns around competition and potential price impacts for consumers.
To keep investors on side, WBD has built in a safety net. If the deal is not completed by September 30, shareholders will receive a quarterly “ticking fee” of $0.25 per share until closure.
The proposed merger would significantly reshape the media landscape, combining the assets of Warner Bros. Discovery with those linked to Paramount Global and Skydance Media. It would also cement the growing influence of David Ellison, who has been steering Skydance’s aggressive expansion strategy.
“The WBD Board has been guided by the singular principle of securing a transaction that maximises the value of our iconic assets and delivers as much certainty as possible to our shareholders,” said Warner Bros. Discovery board chair Samuel A. Di Piazza Jr.. “This historic transaction will expand consumer choice and create new opportunities for creative talent.”
Warner Bros. Discovery chief executive officer David Zaslav added that the company is working closely with its counterpart to close the deal and unlock value for stakeholders.
With investor backing likely but regulatory hurdles ahead, the proposed merger is shaping up to be a defining moment for the global entertainment industry, where scale, content and competition are increasingly intertwined.
