Entertainment
Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal
Netflix said on Thursday that it will not match Paramount Skydance’s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry.
Netflix agreed in December to buy part of Warner Bros. Discovery for $27.75 a share, or $82.7 billion. But Paramount Skydance had made a $30 a share all-cash offer to buy all of the company, and on Tuesday raised its offer for Warner Bros. Discovery to $31 a share (Paramount Skydance owns CBS News.)
Earlier on Thursday, Warner Bros. Discovery’s board of directors notified Netflix that Paramount’s $31 per share offer constituted a “superior proposal” for the company.
“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,” Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement Thursday. “However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”
Paramount Skydance didn’t immediately respond to a request for comment.
Warner Bros. Discovery owns streaming and film studios, along with cable channels including CNN, Food Network, HBO, HGTV, TBS, TNT and Turner Classic Movies.
The merger of Paramount Skydance and Warner Bros. Discovery will require approval from federal antitrust enforcers. Paramount Skydance executives have said that combining the companies would benefit consumers and help boost the entertainment industry, which has struggled to recover from the pandemic.
Some entertainment industry groups and lawmakers have raised concerns that uniting two major Hollywood studios could undermine competition.
For its part, Paramount Skydance executives had argued that a union of Netflix and Warner Bros. Discovery, which owns streaming platform HBO Max, was likely to arouse antitrust objections.
In enhancing its offer this week, Paramount Skydance said it would pay a $7 billion termination fee if its acquisition of Warner Bros. Discovery collapsed over regulatory concerns.
Entertainment
Burden of proximity
The latest round of cross-border strikes between Pakistan and Afghanistan has been quickly absorbed into a familiar vocabulary of sovereignty violations and regional instability.
Such descriptions are incomplete and inaccurate. For Pakistan, militancy emanating from Afghanistan is not a distant geopolitical abstraction. It is an immediate security exposure shaped by geography, history, and a border that remains porous despite decades of militarisation.
Over the past several years, Islamabad has repeatedly stated that anti-Pakistan groups, most prominently the TTP, have found space to regroup across the border. Afghan authorities have rejected the characterisation.
No state can indefinitely absorb violence that originates beyond its formal jurisdiction while relying solely on diplomatic assurances. Pakistan’s security establishment operates under domestic pressure. Civilian casualties from militant attacks do not register as abstract policy debates but as institutional demands for response. In such an environment, cross-border strikes become a tool of signaling as much as of disruption, showing that tolerance thresholds have been reached.
This does not imply that air power alone can neutralise sanctuary dynamics. Militant networks that straddle borders are sustained by terrain, local alliances and ideological overlap. The Afghan authorities, for their part, face internal constraints. Dismantling groups with shared histories or intertwined loyalties risks fragmentation within a political order that is still consolidating itself after decades of war.
Yet Pakistan’s calculus is shaped less by Kabul’s internal difficulties than by the immediacy of its own exposure. The Durand Line has long been more than a demarcation; it is a corridor through which commerce, kinship and militancy have flowed in equal measure. Expecting strategic patience in the face of repeated attacks misunderstands how states prioritise internal order.
International commentary often frames such strikes as escalatory by default, as though restraint were a neutral baseline. That assumption overlooks the asymmetry of cost. Afghanistan does not experience the same volume of attacks originating from Pakistani soil. The burden of spillover has, in recent years, fallen disproportionately on Pakistan. In that context, Islamabad’s calibrated use of force is an assertion that territorial lines cannot serve as shields for non-state actors.
Critics frequently invoke international law in isolation, detached from the persistent failure to neutralise armed groups operating in ungoverned or under-governed spaces. Legal principles cannot substitute for effective territorial control.
There are risks embedded in this approach. Repetition without resolution can normalise cross-border action as a routine policy instrument. Each episode narrows diplomatic space and deepens mistrust. It also reinforces a cycle in which militant actors benefit from the absence of sustained coordination between the two governments.
A durable solution would require intelligence sharing, verifiable commitments and a political understanding that militant groups targeting one state cannot be compartmentalised as peripheral concerns by the other.
Such coordination remains elusive, in part because the broader diplomatic relationship is unsettled. Questions of recognition, sanctions and international legitimacy continue to shape Kabul’s external posture. Pakistan’s engagement has oscillated between cautious accommodation and visible frustration.
The resulting ambiguity has limited the development of institutional mechanisms to manage cross-border threats more effectively.
Pakistan cannot relocate itself away from Afghanistan, nor can it insulate its western provinces from developments across the frontier. In security terms, adjacency compresses reaction time and magnifies perceived threat. When militant attacks accumulate, strategic restraint is weighed against domestic expectations of response, and the balance shifts accordingly.
Whether the current cycle stabilises or intensifies will depend less on rhetorical condemnation and more on demonstrable action against groups operating in border regions. Without credible steps to address sanctuary concerns, episodic military measures are likely to recur. They are imperfect instruments, but they reflect a state confronting a security environment in which passivity carries its own risks.
For Pakistan, the issue is practical containment. The sustainability of any alternative approach will rest on evidence that cross-border militancy is being curtailed in measurable ways. Until such evidence materialises, Islamabad’s actions will continue to be shaped by the logic of proximity and the imperative of internal security rather than by external preference for restraint.
The writer is a non-resident fellow at the Consortium for Asia Pacific & Eurasian Studies. He tweets/posts @umarwrites
Disclaimer: The viewpoints expressed in this piece are the writer’s own and don’t necessarily reflect Geo.tv’s editorial policy.
Originally published in The News
Entertainment
Gigi Hadid, Bradley Cooper put on united front after actor sparked backlash
Gigi Hadid and Bradley Cooper are sticking together while the actor faces backlash on social media, following scandalous allegations about him.
The supermodel, 30, and the American Hustle star, 51, stepped out in coordinating fall-themed outfits on Wednesday, February 25, in New York City.
Hadid sported a pair of grey trousers and a chocolate-brown coat, with her hair in a messy bun, and Cooper paired black trousers with a beige shacket and black puffer jacket.
The couple were seen leaving the screening of Frankenstein, with a Q&A Event featuring Jacob Elordi at the DGA Theater.
Hadid and Cooper have been together since 2023, and have already hard-launched their relationship on Instagram.
Last December, they attended a Broadway performance of Samuel Becket’s Waiting for Godot, and posed for a picture together behind-the-scenes.
While the duo has kept their relationship lowkey, it has been in the spotlight in recent times as fans were speculating about the next step for the couple.
Social media sleuths also called out Cooper for his name being in the Epstein files. Neither Hadid or Cooper have addressed the allegation.
Entertainment
“Heated Rivalry” Season 2 is coming “as soon as humanly possible,” says creator Jacob Tierney
A second season of “Heated Rivalry” is in the works, with shooting expected to begin in August.
“We are writing it now,” show creator and director Jacob Tierney said on “CBS Mornings” Thursday. “We’re getting ready to start shooting this summer. And there will be more ‘Heated Rivalry’ on your TVs as — like, truly — as soon as humanly possible.”
The next season is expected in 2027, but a release date has not been announced yet.
“Like the best parts of this show, just enjoy the yearn,” executive producer Brendan Brady said about the wait for the second season.
The romance on HBO Max about hockey players Shane Hollander and Ilya Rozanov begins with a secret fling between two rivals and eventually turns into a yearslong journey of love, denial and self-discovery. It is based on the “Game Changers” book series by Rachel Reid and has been so popular it has averaged more than 10.5 million viewers per episode in the U.S. alone, according to Warner Bros. Discovery.
Tierney believes it resonates because it is “very romantic.”
“It has the hallmarks and trappings of a real classic romance, years of longing and yearning and trying to get together and do the right thing for each other and not being able to, and then eventually a happy ending,” he said.
“It is laser-focused on that love story. There’s not a lot of diversion from it. And I think that’s what the audience responds to, is kind of the intensity and the focus of the storytelling,” he said.
Editor’s note: “Heated Rivalry” Season 2 will begin shooting in August, but no official release date has been announced.
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