Tubi to Roll Out Matter Casting for Streaming on Fire TV

The director of '47 Ronin' has been found guilty of defrauding Netflix out of $11 million, marking a significant legal setback for the filmmaker. The case highlights issues of financial misconduct within the entertainment industry, particularly in high-stakes contracts.

Bloomberg Markets reported on significant market movements, focusing on Oracle's credit risk, Broadcom's earnings, and Netflix's evolving financial strategy, which has led to its characterization as 'Debtflix.' The discussion featured insights from industry experts including Mark Benedetti and Ed Ludlow.

Laura Martin, a senior entertainment analyst at Needham & Co., discussed the competitive bids from Paramount and Netflix for Warner Bros. Discovery, highlighting the implications for regulatory approval and the entertainment industry. Paramount has made a hostile bid of $30 per share, while Netflix's agreement to acquire Warner Bros. is valued at approximately $72 billion.

Netflix is reportedly seeking to borrow heavily to finance its acquisition of Warner Bros. Discovery, a move that reflects its ongoing strategy to expand its content library amid increasing competition in the streaming industry. This potential deal is valued at approximately $72 billion, marking a significant shift from Netflix's previous approach of building content internally.

HBO Max subscriber Michelle Fendelander has initiated a class-action lawsuit against Netflix, aiming to halt its merger with Warner Bros. Discovery, citing concerns over potential antitrust violations that could lead to irreparable harm in the streaming market.

President Trump has granted Nvidia permission to sell its H200 artificial intelligence chips to approved customers in China, lifting a previous export ban due to national security concerns. This decision includes a 25% surcharge on sales, marking a significant policy shift in U.S.-China tech relations.

Paramount Skydance has made a hostile bid to acquire Warner Bros. Discovery for $30 per share, a move that follows Netflix's recent agreement to purchase Warner Bros. Discovery for approximately $72 billion. Ross Gerber, CEO of Gerber Kawasaki, discussed this competitive landscape on Bloomberg Tech, highlighting his decision to sell his stake in Paramount Skydance while retaining his investment in Netflix.

Warner Bros. Discovery is facing antitrust scrutiny as both Netflix and Paramount Skydance have made significant bids to acquire the company, raising questions about market definition amid a shift towards user-generated content. Jennifer Huddleston from the Cato Institute discussed these concerns on Bloomberg Tech.