Ellison's Hollywood Bid Fails to Netflix

Larry Ellisons Hollywood Ambitions: A Bold Move and a Surprising DefeatLarry Ellison, the founder of Oracle, made a bold move to expand his familys influence in Hollywood, offering to buy Warner Bros. Discovery for at least sixty billion dollars. However, Netflixs unexpected eighty-two billion dollar offer for the company, including its film and television studios, HBO Max, and HBO, delivered a significant blow to Ellison. Despite this setback, sources suggest Ellison is not backing down, with Paramount preparing for a legal battle over the handling of the auction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.