Along with the deal, which values Warner Bros. Discovery at $31 per share, Paramount is making several commitments to assuage the fears of regulators and the entertainment community. Those include a guarantee that the new company will produce 30 theatrical films annually, that theatrical releases will have a minimum 45-day window in theaters before they’re brought to video on demand (something Netflix ultimately also agreed to) and that deal itself will close by Q3 2026.
Tesco cut jobs in bakeries and phone shops last year
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The firm also beat analyst's forecasts as sales for the last three months of its financial year jumped by 73% compared to 12 months earlier.
Sedaka: 'Music has kept me going'