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Discovery+ subscription prices went up today.
Ad-free plans for new subscribers went from $10 per month to $12/month. Ad-based plans went from $6 to $7.
The new prices take effect for new subscribers immediately. Current subscribers to the streaming service, which primarily features unscripted content, like reality shows and documentaries, will receive 30 days’ notice before the new prices take effect, starting with bills issued as of November 12.
After months of industry and customer speculation, Paramount Skydance has shed some light on the future of the HBO Max and Paramount+ streaming services.
Paramount Skydance completed its acquisition of Warner Bros. Discovery (WBD) today, ending a monthslong saga that began when Netflix last year announced its own plans to buy WBD. Netflix scrapped those plans in February. Skydance is the name of the company created from the $111 billion merger.
In an announcement today, Skydance said that all of the direct-to-consumer streaming services it owns, including the Discovery+ service that Discovery Inc. (which merged with WarnerMedia in 2022 to create WBD) launched in 2021, “will unify into a single service over time.”
Free speech and media advocacy groups urged a judge to block a California settlement with Paramount Skydance that would let the company finalize its $111 billion merger with Warner Bros. Discovery.
Twelve states led by California sued to block the deal in July and were able to delay it when US District Judge Araceli Martínez-Olguín ruled that Paramount combining with Warner Bros. would likely reduce competition substantially and violate antitrust laws. Despite that initial victory, California Attorney General Rob Bonta announced a settlement with Paramount earlier this week and the other states involved in the lawsuit signed on to the deal.
Martínez-Olguín must decide whether to approve the settlement. A coalition of free speech and media advocacy groups told the judge in a filing yesterday that the deal will give residents of the states that sued Paramount "virtually nothing." The filing was submitted by the Committee for the First Amendment, Free Press, Freedom of the Press Foundation, Future Film Coalition, and International Documentary Association.
California and Paramount Skydance have reportedly reached a settlement allowing the company to complete its $111 billion merger with Warner Bros. Discovery. The settlement, which will reportedly be announced later today, drew condemnation from Democrats and media advocates.
"The Paramount/Warner Brothers merger seems facially illegal, and the state AG lawsuit challenging it is very strong," Lina Khan, who chaired the Federal Trade Commission during the Biden administration, wrote yesterday. "It’s troubling to hear that the states may now settle for behavioral remedies, allowing the deal to go through subject to various promises from the firms. Behavioral remedies routinely fail, and the stakes here are particularly high given that a strong democracy requires open markets for sound journalism and creative expression."
After news of advanced settlement talks was reported over the weekend, Bloomberg reported today that Paramount reached an agreement with California and other states that sued to block the merger. "Settlement talks came to fruition over the weekend after four states that had opposed terms of a deal outlined with California conceded," Bloomberg wrote, citing a person familiar with the matter.
ByteDance is training an AI model that could approach the size of Anthropic’s most cutting-edge Mythos system, as Chinese companies continue to narrow the gap with the top US labs.
The Chinese tech giant is at an early stage of training a model with as many as 10 trillion parameters—three times larger than Moonshot’s Kimi K3, the biggest Chinese model released to date, according to three people with knowledge of the matter.
The ByteDance model is being pre-trained—a stage that typically takes three to six months—before it is fine-tuned and released if all goes well, one of the people said. The exact model size would only be determined at a later stage.
Paramount Skydance agreed to a longer-term delay of its $111 billion acquisition of Warner Bros. Discovery, preventing the companies from combining until after a judge rules on the merits of a case in which a dozen states challenged the legality of the merger.
Under a stipulation filed in court today, the states and companies agreed that the merger will not be completed and the firms will not integrate their operations until "five days after the merits determination in these matters," or on June 1, 2027, whichever is earlier. The delay was also agreed to by the Writers Guild of America, which filed its own lawsuit to block the merger. If there is no merits determination by June 1, the plaintiffs could seek a preliminary injunction to keep blocking the deal.
The agreement amounts to "a months-long halt" to the merger, New York Attorney General Letitia James' office said. “Halting this merger while our case proceeds is a critical victory in our efforts to uphold the law and protect the film and television industries," James said.
The rich and famous who filed into the Kennedy Center’s opera house in December were there to enjoy one of the nation’s most exclusive celebrations of the performing arts: the center’s annual honors gala.
The black-tie event, hosted by President Donald Trump, prioritized tickets to people who donated more than $75,000 to the center. This year, it feted Hollywood icon Sylvester Stallone, the legendary glam rock band Kiss and the Grammy Award-winning disco pioneer Gloria Gaynor.
Among the attendees that evening were two lower-profile government officials whose regulatory decisions had been crucial to the future of the gala’s broadcast sponsor, CBS, and its parent company, Paramount.
A group of 12 states led by California sued Paramount Skydance and Warner Bros. Discovery today in an attempt to block a $111 billion merger that was greenlit by the Trump administration last month.
"The unlawful merger of these two entertainment behemoths would lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the US," California Attorney General Rob Bonta said.
The merger would combine two of the largest movie studios and merge streaming service Paramount+ with HBO Max. Netflix previously had a deal to buy WBD's streaming and movie studios businesses, but Paramount succeeded in a hostile takeover bid helped along by support from the Trump administration.
Paramount Skydance is accusing Netflix of maintaining a campaign against its proposed acquisition of Warner Bros. Discovery (WBD).
In a June 5 letter (PDF) addressed to Jared A. Hughes, acting section chief of the Media, Entertainment, and Communications Section of the US Department of Justice's (DOJ's) Antitrust Division, and A. Maya Kahn, a trial attorney for the Antitrust Division, and first reported on by Politico today, Paramount chief legal officer Makan Delrahim accused Netflix of trying to influence stakeholders about the merger. The letter reads:
Indeed, Netflix’s panic-level response and scorched-earth campaign to try and poison regulators and other stakeholders against the Transaction shows just how seriously Netflix takes Paramount as a scaled competitor.
The letter from Delrahim, a former assistant attorney general for the Antitrust Division, is a response to a letter that The International Brotherhood of Teamsters sent to the DOJ in March. The teamsters' letter argued that Paramount and WBD's merger would threaten film and TV workers. The union, which has 1.3 million members, asked the DOJ to block the merger "unless substantial and enforceable safeguards are put in place to increase domestic production and protect jobs," per an announcement from the group.
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