{"id":7642,"date":"2026-02-28T18:08:25","date_gmt":"2026-02-28T18:08:25","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=7642"},"modified":"2026-02-28T18:08:25","modified_gmt":"2026-02-28T18:08:25","slug":"warner-bros-discover-ceo-david-zaslav-calls-paramount-pivot-whiplash-y","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=7642","title":{"rendered":"Warner Bros. Discover CEO David Zaslav calls Paramount pivot &#8216;whiplash-y&#8217;"},"content":{"rendered":"<p><br \/>\n<br \/><\/p>\n<div>\n<p>Warner Bros. Discovery CEO David Zaslav told rattled staffers that the <a href=\"https:\/\/nypost.com\/2026\/02\/27\/business\/heres-everything-in-the-ellisons-massive-media-empire-if-paramount-warner-bros-deal-proceeds\/\">company\u2019s abrupt pivot to a Paramount Skydance<\/a> tie-up felt \u201cwhiplash-y\u201d \u2014 while insisting the media giant had no choice but to bulk up or risk getting steamrolled.<\/p>\n<p>\u201cFor even us, the speed \u2014 it feels a little whiplash-y,\u201d Zaslav said during a Friday morning town hall, adding that executives were still \u201cgetting our bearings.\u201d His comments were<a href=\"https:\/\/www.businessinsider.com\/warner-bros-leaked-audio-town-hall-wbd-paramount-skydance-deal-2026-2\"> first reported by Business Insider<\/a> after the town hall meeting audio was leaked. <\/p>\n<p>Still, he struck an upbeat tone about the blockbuster deal, telling employees, \u201cTogether, we can be a great company.\u201d <\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Warner Bros. Discovery CEO David Zaslav told rattled staffers that the company\u2019s abrupt pivot to a Paramount Skydance tie-up felt \u201cwhiplash-y.\u201d  <span class=\"credit\">Getty Images to Warner Bros. Pictures<\/span><\/figcaption><\/figure>\n<p>\u201cIt\u2019s not easy, but we\u2019re getting bigger, and we\u2019re getting stronger,\u201d Zaslav told his charges on Friday.<\/p>\n<p>Zaslav framed the transaction as existential, telling employees: \u201cIf Warner Bros. is going to survive, then we needed to be bigger, and we needed to be global.\u201d<\/p>\n<p>Zaslav was slated to receive $567.6 million if Warner Bros. Discovery sold, according to a Forbes report in December. $537.6 million of in equity and $30 million in compensation.<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<div class=\"single__inline-module inline-module inline-module--newsletter aligncenter inline-module--nypostbusinessunit aligncenter wp-block-nypost-editor-newsletter\" data-source-unit=\"Inline Newsletter Module Cali - Morning Report\">\n<div class=\"inline-module__inner\">\n<div class=\"inline-module__title-wrapper\">\n<div class=\"inline-module__unsubmitted-title-wrapper\">\n<h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\t\tThe California Post is here. Sign up for Morning Report.\t\t\t\t\t\t<\/h3>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tGet the perfect blend of news, sports and entertainment delivered to your inbox every day.\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p><h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\tThanks for signing up!\t\t\t\t\t<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>The mogul warned that \u201csome of these companies are getting so big that they can just run us over.\u201d<\/p>\n<p>He also sounded a note of caution, saying that \u201cthe deal may not close,\u201d but added that \u201cif it doesn\u2019t close, we get $7 billion, and we get back to work.\u201d<\/p>\n<p>The remarks came as Paramount Skydance <a href=\"https:\/\/nypost.com\/2026\/02\/26\/business\/warner-bros-discovery-says-paramounts-31-per-share-bid-is-superior-to-netflix-offer-latest-twist-in-bidding-war\/\">emerged as the winning bidder<\/a> for WBD after Netflix declined to raise its $27.75-per-share offer. <\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The remarks came as Paramount Skydance emerged as the winning bidder for WBD after Netflix declined to raise its $27.75-per-share offer. Paramount CEO David Ellison is pictured. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Paramount boosted its bid to $31 per share in cash and agreed to a ticking fee and a $7 billion regulatory termination fee, setting up what could be a roughly $110 billion merger that now faces months of regulatory scrutiny in the US and abroad.<\/p>\n<p>The $7 billion figure referenced by Zaslav in his comments to employees on Friday is a massive regulatory termination fee Paramount agreed to pay if the merger is blocked on antitrust grounds \u2014 effectively a built-in insurance policy for WBD. <\/p>\n<p>It cushions shareholders against a failed deal and gives Zaslav leverage to argue that even in defeat, the company would walk away with a multibillion-dollar cash infusion rather than empty-handed.<\/p>\n<p>The California Post <a href=\"https:\/\/nypost.com\/2026\/02\/26\/media\/paramount-skydance-victory-in-warner-bros-discovery-bidding-war-came-after-failed-netflix-exec-visit-to-win-over-white-house\/\">reported earlier this week that Paramount Skydance <\/a>leapfrogged Netflix as the favorite to land WBD after Netflix co-CEO Ted Sarandos failed to sway a skeptical Trump administration to approve a proposed takeover by the streamer.<\/p>\n<p>Sarandos met with Attorney General Pam Bondi, White House chief of staff Susie Wiles and Justice Department antitrust officials to attempt to convince the administration not to oppose the deal on antitrust grounds, <a href=\"https:\/\/nypost.com\/2026\/02\/23\/media\/netflix-plans-trumpian-charm-offensive-after-paramount-ups-bid-for-warner-bros-discovery-sources\/\">The Post reported.<\/a><\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Netflix co-CEO Ted Sarandos failed to sway a skeptical Trump administration to approve a proposed takeover of WBD by the streamer. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>President Trump lashed out at Netflix earlier this month in a social media post after Susan Rice, a Netflix board member and top Democrat,\u00a0warned that corporations that \u201ctake a knee\u201d to the Trump administration\u00a0<a href=\"https:\/\/nypost.com\/2026\/02\/23\/business\/netflixs-sarandos-shrugs-off-trumps-demand-to-fire-ex-biden-official-susan-rice-its-not-a-political-deal\/\" target=\"_blank\" rel=\"noreferrer noopener\">should expect to be \u201cheld accountable\u201d if Dems return to power.<\/a><\/p>\n<p>The pivot caps a dramatic bidding war that began Dec. 5, when Netflix struck a $27.75-per-share deal to acquire Warner Bros.\u2019 studio and HBO assets in a<a href=\"https:\/\/ir.netflix.net\/investor-news-and-events\/financial-releases\/press-release-details\/2025\/NETFLIX-TO-ACQUIRE-WARNER-BROS--FOLLOWING-THE-SEPARATION-OF-DISCOVERY-GLOBAL-FOR-A-TOTAL-ENTERPRISE-VALUE-OF-82-7-BILLION-Equity-Value-of-72-0-Billion\/default.aspx\"> transaction valued at roughly $82.7 billion<\/a> including debt. <\/p>\n<p>The agreement was later amended to an all-cash structure in January to speed shareholder approval \u2014 underscoring how far along the Netflix deal was before Paramount swooped in.<\/p>\n<div class=\"single__inline-module inline-module inline-module--newsletter aligncenter inline-module--nypostbusinessunit aligncenter wp-block-nypost-editor-newsletter\" data-source-unit=\"Inline Newsletter Module Cali - Morning Report\">\n<div class=\"inline-module__inner\">\n<div class=\"inline-module__title-wrapper\">\n<div class=\"inline-module__unsubmitted-title-wrapper\">\n<h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\t\tThe California Post is here. Sign up for Morning Report.\t\t\t\t\t\t<\/h3>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tGet the perfect blend of news, sports and entertainment delivered to your inbox every day.\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p><h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\tThanks for signing up!\t\t\t\t\t<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Paramount, led by David Ellison, first countered with a $30-per-share bid for the entire company \u2014 including its cable networks \u2014 before sweetening the offer to $31 per share in cash. <\/p>\n<p>It also agreed to <a href=\"https:\/\/www.wbd.com\/news\/warner-bros-discovery-board-directors-determines-revised-proposal-paramount-skydance?utm_source=chatgpt.com\">cover the $2.8 billion breakup fee<\/a> WBD would owe Netflix and layered in a ticking fee worth 25 cents per share per quarter if the deal drags on, financial sweeteners that ultimately persuaded WBD\u2019s board to deem it capable of becoming a \u201csuperior proposal.\u201d<\/p>\n<p>The proposed merger would create a combined entertainment giant with more than 200 million streaming subscribers across HBO Max, Discovery+, and Paramount+, but it would still trail Netflix and YouTube in overall TV share. <\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Larry Ellison, Oracle co-founder and the father of David Ellison, is close to President Donald Trump. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>WBD ended 2025 with 131.6 million streaming subscribers and $29 billion in net debt, <a href=\"https:\/\/www.reuters.com\/business\/media-telecom\/paramount-skydance-forecasts-quarterly-revenue-below-estimates-2026-02-25\">while Paramount+ had 78.9 million paid subscribers<\/a> \u2014 highlighting both the scale ambition and the balance-sheet strain behind Zaslav\u2019s push to bulk up.<\/p>\n<p>Netflix said Thursday<a href=\"https:\/\/www.prnewswire.com\/news-releases\/netflix-declines-to-raise-offer-for-warner-bros-302699059.html?tc=eml_cleartime\"> it would not sweeten its bid<\/a> for WBD, declaring that while the tie-up \u201cwould have created shareholder value with a clear path to regulatory approval,\u201d matching Paramount Skydance\u2019s higher offer no longer made financial sense.<\/p>\n<p>A White House spokesperson told reporters that the president has \u201cgreat relationships with all parties in this potential transaction and remains neutral in this process with no preference\u201d between Netflix and Paramount.<\/p>\n<p>The California Post has sought comment from WBD, Paramount Skydance and the White House.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2026\/02\/27\/business\/warner-bros-discover-ceo-david-zaslav-calls-paramount-pivot-whiplash-y\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warner Bros. Discovery CEO David Zaslav told rattled staffers that the company\u2019s abrupt pivot to a Paramount Skydance tie-up felt \u201cwhiplash-y\u201d \u2014 while insisting the media&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-7642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/7642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7642"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/7642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/7643"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}