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Here’s what Paramount Skydance would be buying in a deal for Warner Bros. Discovery

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Here’s what Paramount Skydance would be buying in a deal for Warner Bros. Discovery


Paramount+ signage in the Times Square neighborhood of New York, US, on Thursday, Dec. 21, 2023.

Gabby Jones | Bloomberg | Getty Images

David Ellison looks to be buying up a media empire.

The CEO and chairman of the newly minted Paramount Skydance has tapped an investment bank to help prepare a takeout offer for Warner Bros. Discovery, according to people familiar with the matter who spoke on the condition of anonymity to discuss nonpublic dealings.

Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar. However, shares of the company soared almost 30% Thursday afternoon, notching the stock’s best day of trading on record.

Representatives for Paramount and Warner Bros. Discovery declined to comment.

Bringing Warner Bros. Discovery into the fold would add to Ellison’s growing list of franchise acquisitions and sports media rights. WBD, which announced in June it plans to separate into two entities, has a suite of desirable assets. Add those to Paramount’s collection of intellectual properties and Ellison could have a content behemoth on his hands.

“A bid for WBD would solidify the overlooked value of its portfolio of assets that was weighed down by its balance sheet,” Robert Fishman, analyst at MoffettNathanson, told CNBC Thursday.

A mountain of content

Already in house, Paramount boasts movies and television shows from franchises like Star Trek, Transformers, SpongeBob SquarePants, Teenage Mutant Ninja Turtles, Paw Patrol, Scream and Mission Impossible.

More recently, it has expanded its video game-based IP beyond Sonic the Hedgehog, which is a billion-dollar franchise in its own right, to snag the rights to make a Call of Duty theatrical film and the distribution rights to Legendary’s Street Fighter adaptation.

Warner Bros. Discovery has a massive library of major franchises including DC superheroes, Lord of the Rings, Game of Thrones and Harry Potter. It also has legacy cartoons like Scooby-Doo, Looney Tunes and Tom and Jerry. It is also the distributor of Legendary’s Dune franchise and Godzilla and King Kong films.

Last year, Warner Bros. was the second-highest grossing studio at the global box office and Paramount was the fifth-highest, according to data from Comscore.

In addition to bolstering Paramount’s theatrical slate, Warner Bros. Discovery’s streaming service HBO Max counts more than 125 million subscribers as of the end of the second quarter. Paramount+ currently has around 77 million streaming users.

Chasing ESPN

In the wake of the Paramount-Skydance merger, Ellison also secured a $7.7 billion, seven-year deal to make Paramount the exclusive U.S. home for TKO Group’s UFC mixed martial arts organization. The agreement means UFC will stop its pay-per-view model and events will be available directly to Paramount+ subscribers and, in some cases, on CBS.

Sports rights are scarce and only become available when previous deals expire. Apple is already expected to be the home of Formula 1, and Major League Baseball is waiting until its deals expire after the 2028 season to reorganize its media packages. That means that Paramount will have few other top-shelf sports assets to bid on and acquire in the mid-term.

Meanwhile, Warner Bros. Discovery has the rights to broadcast games from the National Hockey League, Major League Baseball and March Madness basketball along with the French Open and Nascar.

A potential tie-up between Paramount Skydance and WBD would exponentially expand Paramount’s library of intellectual property and an arsenal of sports content that could help it compete with Disney’s ESPN.



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Baby clothes: Strabane scheme offers helping hand to parents

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Baby clothes: Strabane scheme offers helping hand to parents


Keiron TourishBBC News NI north west reporter

BBC Karen Brown is standing in front of a rack of baby and toddler clothes. She wears black glasses and has bobbed hair. There's a clock on the wall behind her. BBC

Health visitor Karen Brown said the project will provide “anything really that a parent is going to need”

It’s not easy out there for families living through the cost-of-living crisis – and that’s why a new scheme in County Tyrone is offering free baby clothes in a bid to support people facing hardship.

The project in Strabane, funded by the Department for Communities, will be available to any family with children up to five years old.

It will also support people with nappies, baby and family toiletries for a nominal fee, but that can be waived in certain circumstances.

Karen Brown, a health visitor with the Western Trust, said the HiVe Baby Hub and free clothing exchange aims to support families in “one of the most socio-economically deprived areas in the entire UK”.

A building. The sign says Grass Roots Community Learning Hub. There's a board outside with an image of a bee.

The scheme will operate from the Grass Roots centre on John Wesley Street in Strabane

The project, which involves the Western Trust, the GP Federation and a local community project, will operate from the Grass Roots Centre on John Wesley Street.

Families can be referred to the service through their health visitor, family nurse and social workers or even call into the centre themselves.

The project also aims to reduce the environmental impact of clothing waste through recycling.

What does the Strabane baby clothes scheme offer?

Baby and children's clothes are folded on tables and hang on racks. Two women are standing next to nappies.

Families can be referred to the service through their health visitor, family nurse and social workers or even call into the centre themselves

Ms Brown, who came up with the idea, said she sees first-hand the needs of parents locally.

“The cost-of-living crisis has hit an awful lot of families hard, so this is a great initiative where we can help.

“Families who have that wee bit extra can also donate if they like.”

To support struggling families, the project already operates a wellness café and a social supermarket where people can purchase groceries at a discounted price if they are part of the membership scheme.

It also offers help with a range of services from money management to learning how to cook and grow your own vegetables.

Ms Brown said that as well as offering a free clothing exchange, it’s also a hygiene hub, which can “help with baby toiletries, nappies and anything really that a parent is going to need to look after their child”.

A children in needs blanket and a Bluey blanket are folded on a shelf.

The HiVe Baby Hub and free clothing exchange will be available to any family with children aged 0-5 years old

Ursula Doherty, from the Strabane Community Project, said people are struggling to meet the cost of baby hygiene products and clothes, and the exchange was a great initiative because it focuses on re-using and recycling.

“We do live in a very throw-away society, so it’s a great project in order to take it from landfill,” she said.

She added that people are going through real hardship.

“More and more families are finding it hard to make ends meet – food, fuel and even baby items.

“That’s right across the board. That’s people who are working and people who are on benefits. Everybody.

“In an ironic way it has equalised us all because everybody is suffering, so it’s always about looking at new initiatives.”

Deputy Mayor Niree McMorris is wearing her gold chain of office. She's standing in a room with baby and children's clothes folded on shelves.

“It’s amazing to see the good work they’re doing here” – Deputy Mayor Niree McMorris

Derry and Strabane Deputy Mayor Niree McMorris said it was an amazing initiative.

“They have things like the clothes exchange, which is taking things out of landfill and putting them back into the community for re-use.

“In the Baby Hub, young families can avail of nappies and hygiene products.

“Everything you need to take care of your child. And also hygiene products for the mammy as well, so I think that’s really important.

“It’s amazing to see the good work that they’re doing here.”



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8th Pay Commission Update: What Government Employees Can Expect

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8th Pay Commission Update: What Government Employees Can Expect


Follow News18 on Google. Join the fun, play QIK games on News18. Stay updated with all the latest business news, including market trendsstock updatestax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.



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Aadhaar Card Update: Is Aadhaar A Proof Of Date Of Birth Or Citizenship? Govt Issues Clarification

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Aadhaar Card Update: Is Aadhaar A Proof Of Date Of Birth Or Citizenship? Govt Issues Clarification


New Delhi: The Ministry of Communications has issued a latest circular on clarification on the Properties and Usage of Aadhaar by Unique Identification Authority of India (UIDAI).

The three-point clarification was issues regarding the properties and permissible usage of the Aadhaar number and related documents.

UIDAI said that an Aadhaar number may be used for establishing the identity of the Aadhaar number holder subject to authentication or offline verification.

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Further, Aadhaar number or the authentication thereof, is not a proof of citizenship or domicile in respect of Aadhaar number holder.

UIDAI also added that Aadhaar number is not a proof of date of birth and hence, must not be used for establishing the date of birth of the Aadhaar number holder conclusively.



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