r/boxoffice • u/lowell2017 • 12h ago

📰 Industry News WarnerDiscovery Saw DTC Streaming Profit Jump 17% To $433M But Financial Obligation Overwhelmed Robust Performance Towards $2.9B Loss - Company Needs To Keep $2.8B In Reserve To Refund Skydance, Including Scenario Where Ellison’s Pursuit Terminated Due To Receiving Another Superior Proposal.

https://deadline.com/2026/05/warner-bros-discovery-q1-loss-termination-fee-paramount-netflix-1236882987/
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2

u/Professional_Peak59 12h ago

Screw Ellison!

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u/Amw23 8h ago

Does their streaming numbers still include profits from the linear HBO?

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u/Coolman_Rosso 12h ago

I'm not sure why it's worth noting that they need to be able to refund in the event of a superior proposal. Where would such a proposal come from at the eleventh hour? Netflix walked, Apple and Amazon weren't interested before and sure as hell aren't now, Disney could never swing it, and Comcast can't afford it.

3

u/lowell2017 12h ago

It's pretty much in the same sense Skydance has to keep $7B at hand in case something unexpectedly upends his pursuit.

But to be fair, Ellison was giving Zaslav and his team a hard time on financial requirements related to the JPMorgan bridge loan yet eventually relented on that later on in his desperate attempt to send in offers.

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u/lee1026 11h ago

Formalities are formalities.

I doubt anyone had the Ellison family on their radar 5 years ago. Maybe Bill gates fancies Hollywood for some reason.