Latest Entertainment News

📅December 20, 2025 at 1:00 PM

Major industry shakeups and high-profile premieres dominate entertainment: Netflix–Warner Bros. bidding war, star-studded festivals, celebrity weddings, franchise deals, and awards buzz.

Netflix agrees to acquire Warner Bros. in blockbuster deal

Netflix and Warner Bros. Discovery announced a deal for Netflix to acquire Warner Bros.’ studios and streaming business in a transaction valued at roughly $82.7 billion enterprise value and $72 billion equity, combining major franchises and HBO assets under Netflix’s ownership. The announcement follows WBD’s earlier plan to split into separate ‘Streaming & Studios’ and ‘Global Networks’ companies and has triggered competing bids from other studios and tech companies.

Paramount Skydance launches hostile $108.4B bid for Warner Bros. Discovery

Shortly after the Netflix announcement, Paramount Skydance submitted an all–cash $108.4 billion bid for the entire Warner Bros. Discovery company, escalating a high‑stakes bidding war for studios, libraries, and streaming assets. The competing offers reportedly include interest from Comcast, Amazon, and Apple, reflecting broad industry appetite for large content libraries and franchises.

Red Sea International Film Festival closes with star‑studded ceremony

The 2025 Red Sea International Film Festival held a high‑profile closing night attended by celebrities including Johnny Depp, Idris Elba, Shailene Woodley, and Anthony Hopkins in Jeddah, marking the festival’s continued rise on the international circuit. The event included tributes and premieres that reinforced the festival’s growing cultural significance in the Middle East.

Sony acquires 41% stake in Peanuts Holdings

Sony Music Entertainment and Sony Pictures Entertainment agreed to buy a 41 percent stake in Peanuts Holdings from WildBrain for C$630 million (about $457 million), giving Sony substantial control over the iconic Peanuts franchise and related merchandising and media rights. The deal strengthens Sony’s family‑friendly IP portfolio and opens new cross‑platform opportunities for the brand.

Gisele Bündchen marries Joaquim Valente

Supermodel Gisele Bündchen and Joaquim Valente reportedly married in a small ceremony in Surfside, Florida, after obtaining a marriage license on Dec. 1 and marrying on Dec. 3, according to reporting and confirmed records cited by sources . The wedding attracted rapid media attention given Bündchen’s global profile in fashion and entertainment.

Bowen Yang to exit Saturday Night Live mid‑season

Bowen Yang is leaving Saturday Night Live during his eighth season, with his final appearance scheduled for an upcoming Saturday episode, marking a notable cast change at the long‑running sketch show. The departure follows Yang’s years of high‑profile work on the series and in film and streaming projects.

Zoe Saldaña promotes Avatar: Fire and Ash with global screenings

Zoe Saldaña promoted the new Avatar film Avatar: Fire and Ash at screenings including a Miami event, while co‑stars such as Sigourney Weaver attended the UK premiere, highlighting the global rollout for James Cameron’s latest Pandora installment. The campaign underscores continued investment in blockbuster theatrical premieres for tentpole franchises.

Industry discussion intensifies over streaming consolidation consequences

Analysts and industry coverage frame the Netflix–Warner Bros. news as a transformational consolidation that would move major libraries—Harry Potter, Game of Thrones, Batman, Friends—under a single platform and reshape competitive dynamics in film, TV, and games. Coverage notes Netflix’s stated intent to maintain current Warner Bros. operations and HBO Max as a discrete service in the near term while integrating key assets.

Celebrity and awards season momentum at late‑year festivals

Late‑year festivals and screening events have generated awards season buzz, with stars attending premieres and industry tributes that may influence next year’s awards calendar, as reported from events such as the Red Sea festival and other screenings. Coverage highlights how festival exposure is shaping early awards narratives and distribution plans.

Tabloid and celebrity outlets report multiple high‑profile social events and nightlife sightings

Entertainment outlets like IMDb’s news feed and TMZ are reporting celebrity nightlife appearances and social events—Rihanna at a Roc Nation party and other late‑night sightings—contributing to the daily celebrity news cycle alongside major industry stories . These items emphasize ongoing public fascination with celebrity culture and promotional activity .

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