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Netflix Abandons Warner Bros. Buyout, Paving Way For Paramount Takeover

Netflix Abandons Warner Bros. Buyout, Paving Way For Paramount Takeover https://ift.tt/v0EF54t Late last year, Netflix struck a deal with Warner Bros. to purchase most of the company's assets for $82 billion. Now, Netflix has chosen to abandon that deal rather than match the higher offer made by Paramount. That paves the way for Paramount to become the new owner of Warner Bros. Discovery, pending stockholder and regulatory approval. For the better part of two months, Warner Bros. refused to engage with Paramount, which briefly led the latter to file a lawsuit against the rival studio. Earlier this month, Netflix granted Warner Bros. a one-week period to reopen negotiations with Paramount . The Warner Bros. board subsequently decided that Paramount's higher offer was the better deal, and Netflix declined to keep bidding. "We believe we would have been strong stewards of Warner Bros.' iconic brands, and that our deal would have strengthened the entertainment industry...
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PlayStation Might Be Exploring NFTs And Blockchain Technology

PlayStation Might Be Exploring NFTs And Blockchain Technology https://ift.tt/NDkymGB

The details of a patent filed by Sony Interactive Entertainment suggest the PlayStation parent company may be interested in implementing NFTs and blockchain technology on its platform. The patent title is "Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger," as reported by Video Games Chronicle.

The patent details a system where the history of a unique in-game item would be tracked with blockchain technology, including details of who created the item, who owned it in the past, and whether it has been modified along the way.

In the background section, Sony compares the digital assets in question to sports memorabilia, saying "individuals often find it meaningful to own or use unique physical items related to respected celebrities or activities."

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