We're back after two weeks off, we thought we were gonna return last week but there was an emergency at the last minute so we had to cancel plans. But nonetheless, it's a brand new month and a brand new Wkly Hit List. There's so much to talk and so little time, but we already know what we wanna talk on this lovely Friday. So get ready because we'll reveal our latest conversation right after we, present an all-new 5-Day Rounder.
Our Inside Scoop is all about War, and before we get started I have some good news and bad news. The good news is we are not gonna talk about the Iran War which which was started last week by Orange Thanos, that's what late-night television is for. The bad news is we are gonna talk about the conclusion of the Bidding War for Warner Bros. Discovery which had a shocking twist towards. Warner Bros. Discovery was kind enough to give Paramount Skydance another chance to make up a new offer to buy everything WBD has, from the studio and streaming assets to the cable networks division. Keep in mind, we wrote about the deal Warner Bros. Discovery has signed with Netflix back in December for over $87 Million, this was just for the studios and streaming assets while the cable networks would spin off into its own company.
So today we're gonna update KlicKNettars on the latest between all three companies and what the future holds for two of them. Our story begins from last week when Warner Bros. Discovery confirmed that was considering an updated bid Paramount made, they called it "superior" to Netflix's current offer, and this triggered a four-business-day period for Netflix match the offer from Paramount. To be honest, I thought this was gonna be like the Bidding War for 21st Century Fox back in 2019 when Disney and Comcast were fight for the same company. You see Disney made an offer to buy Fox for $52 Billion, then Comcast made a counter proposal for over $60 Billion, which let to Disney outbidding Comcast which an offer worth $72 Billion, and that's how we finally got to see Deadpool, Wolverine and the Fantastic Four in the MCU.
Now I'm sure some were expecting Netflix to try and outbid Paramount for WBD, but that wasn't the case last week. Instead, Netflix subsequently declined to increase its bid, stating that the deal was "no longer financially attractive" and who could plan them? Paramount Skydance confirms their deal of acquiring all of Warner Bros. Discovery for $110 Billion, that's $38 Billions more than what Disney paid to get Fox. But it just goes how Paramount wants Warner Bros, or should I say how much David Ellison wants Warner Bros. It's no secret that David Ellison is in the back pocket of Orange Thanos, but that's not the only reason why most people hate this merger agreement between Warner Bros. and Paramount. The WGA has been very vocal saying that any potential merger involving Warner Bros will be bad for people working in Hollywood, specifically screenwriters, heck people in Hollywood are ready on strike while the WGA and the AMPTP are negotiating to renew their deal. Maybe the Paramount-WBD deal will affect negotiations between the two unions in a big way, we simply do not know anything right now, it's like we're all standing at the edge of the cliff and we when we think we know the answers when we get to the bottom, Paramount changes the questions right at top.
When Netflix made its offer with WBD people were worried it would affect theatrical film distribution as Netflix barely premieres its movies in theater, of course with Paramount obtaining all of WBD, those worries are still not going away. Then there's how to you look at this merger from a Cable TV Standpoint and a IP Standpoint, you have CNN and CBS News under the same roof which according to Jake Tapper: Affects everybody [he's] looking at right now in [his] studio. You have TNT Sports and CBS Sports possibly broadcasting the same games in some kind of Megacast that won't be as good as the one Disney and ESPN do, and you have longtime rivals Nickelodeon and Cartoon Network having to share a bedroom from now on, and that really stinks because I can't between choose two childhood friends that I grew up watching and are the main reasons for what the heck I do on YouTube. We already Paramount Plus and HBO Max are planning on merging into one streaming service, which means another title change is in stored; Ladies and gentlemen, welcome to Paramount Max Plus.
Overall, I didn't think I would see the day when Paramount and Warner Bros would ever join, especially under these circumstances, but it what it is. To be fair, both companies have until September 30, 2026 at the earliest to close the deal and there are many ways that it can fall apart, which John Campea can explain to you when you look at the video down below. In closing, I'm not in love with this deal but I will end this Inside Scoop with how we started it, and that's with a little good news and bad news. The bad news is, The Late Show with Stephen Colbert is canceled by those who say it's too expensive to keep on the air even though they're willing to pay $110 Billion for Warner Bros. Discovery. The good news is, we're getting a Batman vs SpongeBob Crossover after all.
Before we go, it's time for another Flashback Friday in honor of the year-long 5th Anniversary of FakeTV Box. Let's go back to 2023 when, we reacted to the official trailer for Fast X from Universal Pictures. The crazy thing is, this episode is gonna be five years old in 2028, that's when the Fast & Furious 11 will finally hit theaters after that shocking cliffhanger in #10.
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