The fight over the future of Hollywood just got nastier.

Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt.

The bid compares with Netflix’s ...Read more

Paramount is refusing to accept defeat in the Warner Bros. Discovery auction, launching a $78 billion hostile takeover of its rival Monday after being spurned last week in the bidding.

The move comes four days after Warner’s board unanimously selected Netflix as the winner.

Paramount has beefed up its offer with backing from Middle Eastern ...Read more

Car purchases are driving Americans into unprecedented levels of auto debt, according to a recent report.

Americans owe $1.66 trillion in car-related debt, the Consumer Federation of America found. That amount is nearly equal to Spain’s entire economy and amounts to roughly 6% of the United States’ GDP.

And in Miami, where residents spend ...Read more

More than two decades after Boeing sold its Wichita, Kansas, plant, the aerospace manufacturer has finalized a deal to bring it back in house.

Boeing said Monday it had reacquired Spirit AeroSystems, the Wichita-based supplier that builds the entire fuselage for the 737 Max, as well as the forward fuselage for other Boeing commercial planes and...Read more

Amazon's newly launched 30-minute delivery service is up and running in the Seattle area and may extend further into the city's Eastside suburbs, permit filings show.

Though Amazon may never be able to teleport items directly to a customer's doorstep, the company is on a mission to shave down the time it takes to fulfill an order.

Amazon has ...Read more

New car prices didn’t spike after President Donald Trump announced sweeping tariffs in the spring, as some experts and dealers projected.

But prices on many models are now pushing notably higher — and analysts said carmakers recouping Trump's higher import costs is a key factor.

Consider a recent analysis that found automakers are ...Read more

The fight over the future of Hollywood just got nastier.

Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc.

The bid tops Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for the entirety of...Read more

From jobs to housing to grocery prices, the U.S. economy has been weakening for months.

But the stock market is telling a different story, thanks to a handful of companies called the Magnificent 7: Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and Tesla.

These tech giants — which deal in everything from e-commerce to software to chip ...Read more

LOS ANGELES — Oracle founder Larry Ellison was on the cusp of conquering Hollywood.

Just four months earlier, he had bankrolled his son David’s $8 billion acquisition of the storied Paramount Pictures.

Now the Ellison family had designs on scooping up Warner Bros. Discovery, too, offering to buy the entire company for at least $60 billion....Read more

The Netflix Inc. plans that clinched the deal for Warner Bros. Discovery Inc. started to shape up around Thanksgiving.

A deadline was looming: Warner Bros. had asked bidders, which also included Paramount Skydance Corp. and Comcast Corp., to have their latest proposals and contracts in by the Monday after the holiday, following a round about a...Read more

LOS ANGELES — If Netflix can complete its $82.7 billion deal to acquire Warner Bros. Discovery, it will be a lot bigger but not necessarily a lot better for consumers — or for the streaming landscape the company developed.

Analysts predict that consumers, already chafing at rising subscription fees for streaming services, will be spending ...Read more

LOS ANGELES — Hollywood moguls once dismissed the outsize ambitions of Netflix’s executives.

“Is the Albanian army going to take over the world?” former Time Warner Chairman Jeff Bewkes asked a reporter 15 years ago. “I don’t think so.”

Think again. On Friday, Netflix co-Chief Executive Ted Sarandos pulled off an audacious $82 ...Read more

Hollywood unions and trade groups are pushing back against the proposed $82.7-billion deal for streaming giant Netflix to acquire Warner Bros.' film and television studios, HBO and HBO Max, citing concerns about greater industry consolidation, job losses and the potential hit to theatrical box office revenue.

Groups began voicing opposition ...Read more

Netflix announced early Friday it has struck a deal with Warner Bros. Discovery to acquire its film and television studios, along with HBO Max and HBO.

The blockbuster deal, totaling about $72 billion, will create a combined portfolio of many of Hollywood’s best known properties, adding “Harry Potter,” “Mission: Impossible,” DC Comics...Read more

LOS ANGELES — First, Netflix upended Hollywood. Now, the streaming giant is buying a historic piece of it.

Netflix prevailed in a contentious bidding war to buy Warner Bros., agreeing to pay $72 billion for the storied Burbank film and television studios, its spacious lot, HBO and the HBO Max streaming service.

The two companies announced ...Read more

A man mourns the loss of his dead celebrity mom, who unexpectedly appears before him as a hologram in his childhood home, singing and strumming a guitar.

The touching scene is from a new short film called “Sweetwater” that has an unlikely backer: Google.

Amid all the hand-wringing over artificial intelligence and the potential threat it ...Read more

LOS ANGELES — First, Netflix upended Hollywood. Now, the streaming giant is buying a historic piece of it.

Netflix prevailed in a contentious bidding war to buy Warner Bros., agreeing to pay $72 billion for the storied Burbank film and television studios, its spacious lot, HBO and the HBO Max streaming service.

The two companies announced ...Read more

Are artificial intelligence companies keeping humanity safe from AI's potential harms? Don't bet on it, a new report card says.

As AI plays an increasingly larger role in the way humans interact with technology, the potential harms are becoming more clear — people using AI-powered chatbots for counseling and then dying by suicide, or using AI...Read more

Opposition to self-driving taxi company Waymo in San Diego could halt its implementation before starting.

The Alphabet (Google)-owned Waymo is a major feature in San Francisco, where the white Jaguars are seemingly everywhere. It also operates in Los Angeles, Phoenix, Atlanta and Austin.

San Diego City Councilmember Sean Elo-Rivera, who chairs...Read more

Once upon a time, Detroit built cars that carried astronauts in ticker-tape parades and made teenage boys spray Aqua Net on their mullets. Sporting raucous and raw big-block V-8s, they were chrome-trimmed testaments to optimism. Meanwhile, Italy gave us Ferraris, red midlife crises that sounded like 12-cylinder angels. Germany engineered the ...Read more