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A $2.8 billion Netflix termination fee tied to the Paramount Skydance merger drove the quarter's massive net loss

The media and entertainment company’s huge loss came after recording a $2.8 billion termination fee that was triggered when Paramount Skydance beat out Netflix to acquire Warner.

Media companies across the board are seeing a fundamental change in how customers watch TV. Disney has found a way to capitalize on it.

Paramount Skydance stock snapshot after recent performance With no single headline event driving attention to Paramount Skydance (PSKY), investors are focusing on how the stock’s mixed recent returns line up against the company’s current scale and profitability profile. Paramount Skydance carries a market value of about US$11.9b and last closed at US$10.66 per share. The stock shows a 4.2% decline over the past day, a 3.1% gain over the past week, and an 8.2% gain over the past month. See our...

Watch The Dealmaking 3 of the Week: This week of The Dealmaking 3 with “The Sports Professor” Rick Horrow features Saudi Arabia’s Public Investment Fund ending its funding for LIV Golf after the 2026 season following a projected $6 billion investment with $600 million in losses for 2024 alone, the UFC delivering its third consecutive Fight […] The post The Dealmaking 3: LIV Golf Funding, UFC in Australia, ESPN & Disney Take Back Sports appeared first on CorpGov.

At WSJ's Future of Everything, broadcasting legend Barry Diller says that he would love to buy CNN, but believes it will ultimately merge with CBS.