Warner Bros. Discovery (WBD) presents an attractive event-driven arbitrage opportunity due to the halted Paramount Skydance merger and favorable deal terms, including a $7 billion reverse termination fee and a ticking fee structure. The company’s streaming service, HBO Max, is gaining momentum with over 140 million subscribers and strong growth in its ad-supported tier, which helps offset declines in traditional cable. Despite recent stock fluctuations, the analyst maintains a Buy rating on WBD, emphasizing that merger developments and arbitrage potential outweigh quarterly earnings in importance.
Netflix has decided to cancel its planned American spinoff of the hit series Squid Game before it even airs. The project, which involved high-profile names like director David Fincher and writer Dennis Kelly, was scrapped due to changes in Netflix's ...
Netflix shares fell 15.9% from May to August, driven by weak guidance and lower free cash flow. ETFs holding Netflix reacted differently: FDN gained 6% as other internet stocks offset Netflix's decline, XLC dropped 5% influenced by heavy Meta and Alp...
