Business
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff Walt Disney agreed to invest US$1…
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Deal
Business
Disney Inks Blockbuster OpenAI Deal to Bring More Than 200 Characters to Sora Video Platform, Invests $1 Billion in AI Company
Disney is trying to take control of its destiny in an AI-flooded world. The Walt Disney Company and OpenAI have reached an agreement for…
Business
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
The asset is country’s fourth-largest utilities provider with around 1.1 million customers Sembcorp Industries will acquire Australia’s…
News
Donald Trump Says Any Warner Bros. Discovery Deal Should Include Sale of CNN Because the ‘People Running It’ Are ‘Either Corrupt or Incompetent’
President Donald Trump, who has inserted himself into the U.S. government’s review of a potential deal for Warner Bros. Discovery, said it…
Business
Paramount Skydance’s David Ellison Sends Letter to Warner Bros. Discovery Shareholders Making Case for Why Its Bid Is Better Than Netflix Deal: ‘I Am Passionate and Dedicated to This Pursuit’
David Ellison, the CEO of Paramount Skydance who has launched a hostile takeover bid for Warner Bros. Discovery, is urging WBD…
News
Can the “Sistine Chapel of the New Deal” Be Saved From Trump?
A December 8 story by Bloomberg’s Suzanna Monyak reported that, according to a former official of the General Services Administration, the…
News
Trump’s Nvidia deal reshapes US’s China strategy, risks supercharging Xi’s AI push
The Asian nation has challenged America’s chip curbs this year with its own export controls on rare earths US PRESIDENT Donald Trump’s…
Culture
LISTEN: Unions, Industry Groups Assemble to Fight Netflix-Warner Bros. Deal; Red Sea Film Festival and Saudi Arabia’s Changing Landscape
On today’s episode of “Daily Variety” podcast, Variety’s Gene Maddaus discusses the opposition in the entertainment industry that has…
Business
Paramount Claims WBD Is Overvaluing CNN, TBS and Other TV Networks — Alleging That Means Netflix’s Deal Is Worse for Shareholders
A core argument of Paramount Skydance‘s hostile takeover bid for Warner Bros. Discovery is this: WBD’s cable networks like CNN and TBS are…
Business
PepsiCo to cut prices and 20% of products under a new deal
PepsiCo plans to cut prices and eliminate some of its products under a deal with an activist investor that was announced Monday. The…
Business
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences Novartis will pay UK biotech…
Culture
Darren Aronofsky Talks How Netflix-Warner Bros. Deal Might Affect ‘Bidding Wars’: ‘Having One Less Player Is Always Bad’
“Black Swan” director Darren Aronofsky landed at the Red Sea Film Festival in a situation fitting to an Aronofsky film: the whole of…
Business
BHP strikes US$2 billion funding deal with GIP for iron ore power network
The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake BHP Group said on Tuesday (Dec 8)…
Business
Anderson Cooper Will Stay at CNN After Striking New Deal
Anderson Cooper may no longer always be the anchor on CNN who is most watched regularly by viewers, but the news outlet believes he’s…
Business
IBM accelerates cloud drive with US$11 billion Confluent deal as AI demand booms
Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models IBM said on Monday (Dec…
Business
Netflix–WBD Deal Would Create $6.6 Billion APAC Heavyweight, Media Partners Asia Warns of ‘Licensing Cliff’
Netflix’s planned acquisition of Warner Bros. Discovery’s studio and streaming assets would build a $6.6 billion annual recurring revenue…
Culture
Trump says $72bn Netflix-Warner Bros deal 'could be a problem'
Osmond ChiaBusiness reporter US President Donald Trump has flagged potential concerns over Netflix's planned $72bn (£54bn) deal to buy…
Culture
Seth Rogen and Evan Goldberg on the Netflix-Warner Bros. Deal: ‘AMC Should Buy It’
How would Matt Remick react to the industry-jolting news that Netflix is buying Warner Bros. and HBO Max? Seth Rogen and Evan Goldberg,…
Business
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
US President Donald Trump raised potential antitrust concerns for Netflix’s planned acquisition of Warner Bros Discovery, noting that the…
Business
Trump Calls Ted Sarandos a ‘Fantastic Man’ but Says Netflix-Warner Bros. Deal Would Give Streamer ‘Very Big Market Share’: ‘It Could Be a Problem’
President Donald Trump on Sunday confirmed he recently met with Netflix co-CEO Ted Sarandos at the White House to discuss the Warner Bros.…
News
Netflix Chief Ted Sarandos Scored White House Meeting With Trump Ahead of Warner Bros. Deal
Ted Sarandos scored a critical sit-down with President Donald Trump in the weeks leading up to Netflix‘s successful $82.7 billion…
Culture
Sean Baker Says Filmmakers ‘Have to Put Foot Down’ Following Netflix-Warner Bros. Deal, Won’t ‘Go for the $150 Million Studio Thing’ Post ‘Anora’
“Anora” director Sean Baker, who is at the Red Sea Film Festival as the head of the international jury, commented on the industry’s most…
Business
GIC, Brookfield agree to S$3.4b deal for Sydney-listed National Storage
Singapore sovereign fund and the global alternative asset manager will pay A$2.86 per unit in cash Singapore’s GIC and Australia’s…
Business
Young people are getting a 'raw deal', and that's good news for the Greens and Reform
Laura KuenssbergPresenter, Sunday with Laura Kuenssberg "If I was a politician I'd be going, 'Oh blimey, there is a demographic time…