Overview
- Sen. Lindsey Graham said he was honored to host Paramount CEO David Ellison at the address and posted a photo with him on X.
- Paramount raised its offer for all of Warner Bros. Discovery to $31 per share, valuing the deal at about $112 billion with a ticking fee, a $7 billion breakup fee, and coverage of WBD’s $2.8 billion termination cost if it exits the Netflix pact.
- Warner Bros. Discovery said it has not determined if Paramount’s proposal is superior, the board continues to recommend the existing Netflix deal, and a shareholder vote on that agreement is set for March 20.
- If WBD deems Paramount’s bid preferable, Netflix will have four business days to negotiate revisions to its transaction.
- President Trump urged Netflix to remove board member Susan Rice in a Truth Social post, while other high-profile guests including Kevin O’Leary, Erika Kirk and creator Nick Shirley highlighted the media-heavy audience.