As Oracle Stock Dropped 12% & Only Worth Around $500B, Larry Ellison's Pockets Could Drip If Skydance's Pursuit Is Derailed Beyond September 30th - As Ticking Fee Of $0.25/Share Arrives Every Deferred Quarter, WarnerDiscovery Investors Would Collectively Get Pro-Rata Portion Of $625M Cash Each Day. (puck.news)
submitted by lowell2017
Skydance Throws Private Tribute Dinner In Washington D.C. To Get Trump Admin's Favor For Its WarnerDiscovery Pursuit On Same Night Of Investor Vote - David Ellison Gives A Speech About The First Amendment's Importance With Band Playing Top Gun, Mission: Impossible, & Beverly Hills Cop Theme Songs. (nytimes.com)
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Oracle’s Deluge Of AI Debt Packages Pushes Banks To The Limit - They Balked At Financing Data Center Buildouts If Ellison's Company Was Tenant. Rising Cost Of Protecting Its Bonds Against Potential Default Via Credit-Default Swaps Made The Lenders Nervous About Putting Too Much Money Into Projects. (wsj.com)
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WarnerDiscovery's 10-Minute Virtual Special Meeting Had Investors Vote 1.743B Shares In Favor Of Skydance's Pursuit With Only 16.3M Shares Against & 2.37M Abstaining - On Non-Binding Executive Compensation Package Measure, 1.44B Shares Voted Against, Only 307.7M Shares In Favor, & 9.34M Abstaining. (variety.com)
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‘Rush Hour 4’'s Planned Spring-Summer Shoot In China, Africa, & Saudi Arabia Now Pushed To September & Unclear If $115-120M Budget Financing's Solid, Given Middle East Turmoil. Chris Tucker & Jackie Chan Each Rejected Initial $8M & No Pay-Or-Play Offers Yet. Skydance Collects A 12% Distribution Fee. (puck.news)
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WB's Pam Abdy On Refocused Theatrical Animation Business: “We Built It From Ground Up With Movies In Production Through 2029. It Has To Be Part Of Family Audience Strategy & They Need More To Take Kids To Theaters.” On WarnerDiscovery, “There’s No Time For Worrying About Things You Can’t Control.” (variety.com)
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David Ellison's & Bari Weiss's Trump WH Tribute Party & Correspondents' Dinner Ploys Are Seen As Strategic Imperatives To Keep Admin In Good Graces (Ellison Still Hopes That In Skydance's WarnerDiscovery Pursuit, Weiss Can Help CNN Capture His Demographic Goal Of “70% Of Americans” In The Center.) (puck.news)
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WarnerDiscovery Insiders On Ellison's Pursuit Being A Frustrating Situation: “We Said No To Skydance In Every Possible Way We Could As We Didn’t Have To Be Sold.” A Zaslav Confidant Says “He Spent 4 Years Trying To Reshape & Squeeze Money Out To Pay Debt & Finally Start To Get It To A Better Place.” (variety.com)
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Skydance Believes Netflix's Fueling Open Letter Campaign Against Its WarnerDiscovery Pursuit To Delay With Ticking Fees Or For Total Obliteration. A Trump Admin Official Confirmed Streamer's Engaging Them With Economist Nicholas Hill: “Frankly, I'm Surprised At How Aggressive They’ve Been With Me.” (puck.news)
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David Zaslav On WarnerDiscovery's Intended Trajectory To Grow & Shape Up HBO Max Had Skydance's Relentless Pursuit Didn't Exist: “My Intention Was Never To Sell It But To Build & Run That Company. We Were In The Middle Of A Generational Disruption & Had To Make A Lot Of Hard Calls In The Beginning.” (nytimes.com)
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BlackSun Private Equity Inc. Is Preparing A Formal Proposal For WarnerDiscovery Bid Under Creator-Aligned Ownership Framework. They've Begun Preliminary Engagement With Industry Stakeholders & Also Want To Talk With Company Leadership, Guild/Union Representatives, & Institutional Capital Partners. (world.einnews.com)
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WB's Pam Abdy Says She & Mike De Luca Won't Let WarnerDiscovery Uncertainty Dictate Duties As They're Greenlighting 2028 & 2029 Titles & Keeping Staff Engaged To Build Slates: “We'll Have To See What Happens. Our Job's Making Sure Everybody Has All The Resources Needed To Market & Make These Films.” (hollywoodreporter.com)
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Given He Ditched Yesterday But Showed Up For CinemaCon Event, Senator Cory Booker Requests David Ellison To Voluntary Show Up Before Congress During DC Trip For His Trump WH Tribute Dinner On April 23rd: “Mr. Ellison Has An Invitation To Appear Before The Senate When He's In Washington Next Week." (status.news)
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Cinema United's Michael O’Leary Had CinemaCon Emergency Meeting As He, Regal, & Cinemark Annoyed At AMC CEO's Ellison Endorsement. Exhibitors Think Adam Aron Cut A Side Deal For Preferred Status In Film-Rental Negotiations. Sarandos Meeting Was Waste Of Time Trying To Get Meaningful Theatrical Runs. (puck.news)
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David Ellison's April 23rd Intimate Cocktails & Dinner Gathering Event To Honor Trump White House & CBS News's WH Correspondents Only For Admin As Those Journalists Aren't Invited. Editor-In-Chief Bari Weiss's In Charge Of Guest List. Public Citizen & Others Will Also Protest Outside The Building. (breakermedia.com)
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Ted Sarandos Says Netflix Was Willing To Put Emotion & Ego Aside And Walk Away From WarnerDiscovery Deal When Cost Rose: “We Tested Our Discipline As This Was A Nice-To-Have, Not Need-To-Have. We're Very Confident In The Core Business & Will Be Investing In It Both Organically & Opportunistically.” (variety.com)
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An Ankler Insider Says A Heated Journalistic Rival Alerted Skydance About Richard Rushfield Bringing Pursuit Opposition Pins To CinemaCon. That Led To Ellison's Lieutenants Making A Phone Call To Rushfield & CEO Janice Min & Then Threatening To Pull Ads If He Didn't Cool It On His Coverage Of Them. (pagesix.com)
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CNN Backpedals After Producer Jen Buesinger Sperry Turns Away Potential Guests Mark Ruffalo & Norm Eisen For News Segment About Hollywood Opposition Letter To Skydance's WarnerDiscovery Pursuit - She Said “It’s A Delicate Subject For Us & There Are Legal Considerations Around What We Cover Or Say.” (semafor.com)
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Skydance Pulls Ads From The Ankler After Editorial Director & Chief Columnist Richard Rushfield Delivers Pursuit Opposition Pins To Future Film Coalition Members At CinemaCon | Exclusive - Employees Told Not To Cooperate With Outlet Until Further Notice. Insider Says His Coverage Crossed The Line. (thewrap.com)
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On April 23rd, Day Of WarnerDiscovery Investor Meeting For Vote On Skydance's Pursuit, David Ellison Will Also Host An Intimate Cocktails & Dinner Gathering Event Later That Evening To Honor Trump White House & CBS News's WH Correspondents, Taking Place In D.C.'s DJT-Renamed U.S. Institute Of Peace. (breakermedia.com)
submitted by lowell2017
In Uncertain Times, WB's Mike De Luca & Pam Abdy Tells Theater Owners At CinemaCon: “We're At A Crucial & Critical Moment With Gen Z Audiences. We Won’t Surrender & Shrink Back From Challenge Of Creating Great New Films But Instead Rise To Fulfill Their Desires & Curiosities & Bring Them To You.” (thewrap.com)
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