Netflix backed out of its deal to acquire Warner Bros. Discovery’s (WBD’s) streaming and movie studios businesses on Thursday night. After increasing its bid for all of WBD by $1 per share on Tuesday, Paramount Skydance is poised to become the new owner of WBD, including Game of Thrones, DC Comics, and other IP, as well as the HBO Max streaming service and cable channels CNN and TBS.
"There's a tremendous amount of succession planning happening at the moment. And there is the reality that the pipeline of 'ready-now' CEOs has decreased over the last several years," she says.
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