NEW YORK – In a move that marks a tectonic shift for the entertainment industry, Netflix has triumphed in a fierce bidding war to acquire the crown jewels of Warner Bros. Discovery. The $72 billion deal, announced Friday, sees the streaming pioneer pivot from its historic “build, not buy” ethos to become the steward…
SYDNEY: Australian media companies Seven West Media Ltd (SWM.AX) and Southern Cross Media Group Ltd (SXL.AX) on Tuesday announced an all-scrip merger agreement to create a leading integrated media platform, aiming to better compete for advertising revenue in a fragmented market. Under the terms of the deal, Southern Cross Media (SCA) will acquire all…