But after several rejections, Paramount persistently upped its bid. It eventually came back with an all-cash offer at $31 per share and promised to cover the $7 billion regulatory termination fee if its deal with WBD doesn’t close, along with the $2.87 billion termination fee it must pay Netflix for abandoning its deal. Warner Bros. Discovery determined that the deal is “superior,” leading Netflix to walk away, saying it’s “no longer financially attractive.”
Harry PotterThe wizarding world of Harry Potter, including all eight fantasy films and the upcoming HBO television series slated to premiere in 2027 would also be under the Ellisons’ purview.
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