Pier Silvio Berlusconi, chief executive of European broadcaster MFE-MediaForEurope , said he would prefer Paramount's Skydance rather than Netflix as a buyer for Warner Bros Discovery , arguing the move would boost competition in the streaming industry.
Paramount Skydance Corp (NASDAQ:PSKY) is up nearly 11% to trade at $16.80 today, driven by the entertainment company's upbeat fourth-quarter revenue forecast.
PSKY shares climb after Q3 results and a bold $1.5B content investment aimed at fueling growth across film, TV and streaming platforms.