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The Paramount Plus Essential and Premium plans each went up $1. The ad-supported Essential version increased to $9, and the ad-free Premium version rose to $14. The option to prepay for a year of streaming now costs $90 for Essential and $140 for Premium, up from $60 per year for Essential and $120 per year for Premium.
Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix , escalating a battle to take control of one of the most storied Hollywood studios.
Warner Bros. Discovery clapped back at Paramount Skydance's lawsuit seeking more financial details on WBD's deal with Netflix and said Paramount's continued campaign to try to convince Warner Bros. shareholders that its $30/share offer is superior is an attempt to "distract" investors.
Still, price remains a top concern for WBD, which has also suggested that it could get more for its cable channels if they were sold separately from its movie studios and HBO Max. A Paramount deal would force WBD to stop working on the spinoff, which could be problematic if the merger fell apart.
Paramount Skydance on Wednesday named Dennis Cinelli as its chief financial officer, effective January 15, replacing interim CFO Andrew Warren.
A judge ruled Paramount hasn't identified “irreparable harm” to itself as a Warner Bros. Discovery shareholder and denied a motion to expedite disclosure.
Paramount Skydance Corp.’s leadership has held talks in recent days with French President Emmanuel Macron amid a European charm offensive to garner support for its $108.4 billion hostile bid for Warner Bros.