Latest Entertainment News
Catherine O'Hara, 'Schitt's Creek' and 'Beetlejuice' Star, Dies at 71
Emmy-winning actress Catherine O'Hara passed away on Friday in Los Angeles after a brief illness, known for iconic roles in 'Schitt's Creek,' 'Beetlejuice,' and 'Home Alone.' Tributes poured in from Macaulay Culkin, Meryl Streep, Michael Keaton, and others, praising her comic brilliance and kindness.
Colleagues like Pedro Pascal and Christopher Guest mourned the loss of a 'comic giant' and 'legend.'
Netflix Finalizes $72 Billion All-Cash Acquisition of Warner Bros. Discovery's Studios and Streaming
Warner Bros. Discovery accepted Netflix's amended $72 billion all-cash offer for its studios and streaming division, including Warner Bros. Pictures, HBO, HBO Max, and DC Studios, at $27.75 per share. The deal, set for shareholder vote by April 2026, will spin off WBD's Global Linear Networks as Discovery Global beforehand.
Investment banks JPMorgan and Allen & Company stand to earn $90 million each advising on the transaction.
Alexander Skarsgård to Host SNL with Cardi B as Musical Guest This Weekend
Alexander Skarsgård, star of 'The Northman' and 'Godzilla vs. Kong,' hosts the January 31, 2026, episode of 'Saturday Night Live.' Rapper Cardi B, promoting her 2025 album 'Am I the Drama?' and upcoming Little Miss Drama Tour, performs as musical guest.
Fans anticipate sketches featuring Cardi B, with promos sparking excitement and suggestions like her impersonating Nicki Minaj.
Corus Entertainment Secures Strong Shareholder Support for Debt-Reducing Recapitalization
Corus Entertainment announced strong voting results for its recapitalization transaction, aiming to cut over $500 million in debt and $40 million in annual interest. The plan, under review for court approval on March 12, 2026, preserves the company as a key Canadian broadcaster with brands like Global TV and National Geographic.
Independent Lead Director Mark Hollinger called it the best option to secure Corus' future and shareholder value.
Paramount Skydance Challenges Netflix with Higher Bid for Warner Bros. Discovery Assets
Paramount Skydance proposed a deal offering $18 billion more cash than Netflix's for WBD's assets, arguing it creates a stronger vertically integrated competitor. WBD's board is reviewing the offer per fiduciary duties amid the bidding war.
Netflix emerged victorious initially but amended to all-cash; the final acceptance favors Netflix.
Disney Appoints Morgan Stanley's Benjamin Swinburne as EVP of Investor Relations
The Walt Disney Company hired Benjamin Swinburne from Morgan Stanley as Executive Vice President of investor relations and corporate strategy. This move aims to strengthen Disney's financial communications and strategy amid industry shifts.
Swinburne's expertise from Wall Street is expected to guide investor engagement.
Sen. Mike Lee Raises Antitrust Concerns Over Netflix-WBD Acquisition
U.S. Sen. Mike Lee warned that Netflix's acquisition of WBD could lessen streaming competition, consolidate content libraries, and boost bargaining power over talent. Critics frame it as an antitrust test case, though the deal responds to declining cable economics.
Unlike a Paramount-WBD merger, it avoids shrinking major Hollywood studios.
Cardi B to Headline Michael Rubin's Super Bowl Party After SNL Appearance
Following her SNL performance, Cardi B will headline at Michael Rubin's Super Bowl Party on February 7 at Levi Stadium, supporting boyfriend Stefon Diggs of the Patriots. This adds to her busy schedule with the Little Miss Drama Tour starting February 11.
The event caps her high-profile early 2026 lineup.
WBD Plans to Spin Off Discovery Global Networks Ahead of Netflix Deal
Warner Bros. Discovery will separate its Global Linear Networks, including CNN, TNT Sports, and Discovery Channel, as Discovery Global before completing the Netflix sale. Netflix will finance the acquisition using cash reserves, credit, and committed funding.
This structures the deal to focus on high-value studios and streaming assets.
Tributes Continue for Catherine O'Hara from Ron Howard, Ike Barinholtz, and More
Director Ron Howard called O'Hara a 'wonderful person and collaborator' whose brilliance grew yearly. Ike Barinholtz expressed shock at losing a friend from 'The Studio,' thanking her profoundly.
The industry mourns her as a 'whipsmart' portrayer of eccentrics.
SNL Fans Buzz Over Skarsgård-Cardi B Promos and Sketch Ideas
Promotional clips for SNL feature Alexander Skarsgård and Cardi B, generating fan excitement with calls for comedic sketches. Suggestions include Cardi portraying Nicki Minaj in the cold open.
Viewers praise the duo's chemistry and anticipate Cardi in non-musical roles.