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Warner Bros. Discovery will hold a special shareholder meeting on April 23 to vote on Paramount and Skydance's $110 billion bid, with the WBD board urging approval after a competitive process.
A group of Senate Democrats is pressing FCC Chair Brendan Carr for a thorough, independent review of Paramount's takeover of Warner Bros. Discovery, citing roughly $24 billion in financing from Gulf sovereign wealth funds and possible renewed interest from Tencent.
Netflix co-CEO Ted Sarandos met European regulators in Brussels to discuss the streamer’s growing role in Europe, competition from YouTube and TikTok, the failed Warner Bros. Discovery deal and the company’s plans for AI and video podcasts.
Speaking in Brussels before a review of European streaming rules, Netflix co-CEO Ted Sarandos warned regulators that YouTube has moved onto televisions and now competes directly with broadcasters and streamers.