1. Warner Bros. Discovery Posts $2.9B Q1 Loss as Paramount's $2.8B Netflix Termination Fee Reshapes M&A Calculus
Warner Bros. Discovery reported a $2.9 billion first-quarter loss, a figure it characterizes as largely a one-time accounting event driven by merger-related charges. The most significant component: a $2.8 billion termination fee that Paramount paid to Netflix, stemming from Paramount's decision to abandon its original ...