Versant Media Group, the newly minted spinout of TV networks and digital assets from Comcast, released its first earnings report Tuesday. The company reported full-year revenue of roughly $6.69 billion for 2025, down 5% from the prior year. Versant is reporting a breakdown of its earnings from its final year under the ownership of Comcast’s…
The Paramount logo is displayed above an entrance to Paramount Studios on Feb. 23, 2026 in Los Angeles, California. Justin Sullivan | Getty Images A day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery, questions are mounting about the companies’ regulatory path forward. The WBD board said…
Netflix is walking away from a deal to buy Warner Bros. Discovery’s studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be a superior offer. Earlier this week, Paramount raised its bid to buy the entirety of WBD to $31 per share, up from $30 per…
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. NBA Commissioner Adam Silver has a new pet project with grand ambitions —…
Chairman & CEO Paramount David Ellison attends the UFC 324 event at T-Mobile Arena on January 24, 2026 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images If there’s one thing that Paramount Skydance CEO David Ellison knows well, it’s an impossible mission. Ellison, producer of five of the “Mission: Impossible” films, has…
Warner Bros. Discovery on Tuesday said Paramount Skydance had raised its takeover offer to $31 per share, up from $30 per share, in a proposal that could “reasonably be expected” to top an existing deal with Netflix. Last week, WBD announced it would reengage Paramount in deal talks under a seven-day waiver from Netflix. WBD…
Canadian filmmaker James Cameron poses during a photocall for the opening of the exhibition entitled ‘The Art of James Cameron’ at the Cinematheque Francaise in Paris on April 3, 2024. Stephane De Sakutin | AFP | Getty Images Legendary “Titanic” director James Cameron is likening the theatrical experience to a “sinking ship” if Netflix acquires…
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. The future of the NBA’s media strategy was taking shape at this year’s…
Seahawks’ Kenneth Walker III is Super Bowl MVP And the Super Bowl MVP is… running back Kenneth Walker III. Walker rushed for a game-high 135 yards on 27 carries during the Seahawks’ 29-13 win over the Patriots. He also caught two passes for 26 yards and is one of only three players with multiple runs…
Volkswagen is one of three automakers expected to advertise during the Super Bowl in 2026. Courtesy VW DETROIT — Automakers are largely sitting on the advertising sidelines during this year’s Super Bowl amid uncertainty in the U.S. automotive industry involving sales, tariffs and regulations. Carmakers — historically major buyers of ads during the big game…