Latest Entertainment News
Netflix Acquires Warner Bros. in $82.7 Billion Deal
Netflix announced an $82.7 billion acquisition of Warner Bros. studio and streaming operations from Warner Bros. Discovery, expected to complete in 2026 pending approval. The deal includes DC films, Game of Thrones, and HBO series, facing antitrust scrutiny and a $108B rival bid from Paramount-Skydance.
A $5.8 billion breakup fee underscores the high stakes.
Paramount-Skydance Offers $108B Counterbid for Warner Bros.
Paramount and Skydance proposed an $8 billion merger earlier, now countering with $108 billion for Warner Bros. Discovery. Warner Bros. board favors Netflix's offer despite the higher bid due to financing issues.
The rivalry highlights intense M&A activity in Hollywood.
Avatar: Fire and Ash Tops Box Office, Crosses $1 Billion
James Cameron's Avatar: Fire and Ash held No. 1 for its third week, surpassing $1 billion globally to kick off 2026 strongly. The sci-fi epic signals hopes for a blockbuster year ahead in theaters.
Critics Choice Awards Honor Film and TV Achievements
Celebrities gathered for the Critics Choice Awards on Sunday, celebrating standout Hollywood performances in film and television. One Battle After Another won Critics Choice recognition.
Photos captured the event's glamour.
Sony Acquires Majority Stake in Peanuts Franchise
Sony bought an 80% stake in Peanuts Holdings LLC for $457 million, gaining control of Charlie Brown and Snoopy for new films and merchandise. This bolsters Sony's family content portfolio.
Concord Originals Buys Iconic RKO Films Library
In June 2025, Concord Originals acquired RKO Films, including King Kong and Citizen Kane, for re-releases and remakes. The deal expands legacy content into modern projects.
Electronic Arts Acquired by $55B Investor Consortium
Saudi PIF-led group bought video game giant EA for $55 billion, encompassing FIFA, Madden, and The Sims franchises. It underscores gaming-entertainment convergence.
Hollywood Director Convicted of $11M Netflix Scam
A Hollywood director was convicted for scamming Netflix out of $11 million on a show he never produced. This fraud case highlights production industry vulnerabilities.
New TV Premieres: St. Denis Medical Season 2 on NBC
Tonight features St. Denis Medical Season 2, The Paper Season 1B, and The Wall on NBC. These launches mark key entertainment calendar highlights for January 5.
Tanzyn Crawford Joins Netflix's Live-Action Assassin's Creed
Actor Tanzyn Crawford cast in Netflix's live-action Assassin's Creed adaptation. The project adds to Netflix's growing film slate amid acquisitions.
Jeremy Allen White in Talks for A24's Peaked
Jeremy Allen White negotiating role in A24's upcoming film Peaked. This indie project features the rising star post his acclaimed performances.
Universal Music Group Acquires Stake in Excel Entertainment
UMG's Indian division bought 30% of Excel Entertainment for $80.1M, producer of Amazon's Made in Heaven. The deal expands music-film synergies globally.