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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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New Borderlands Game Revealed, It's Not What You Think It Is

New Borderlands Game Revealed, It's Not What You Think It Is https://ift.tt/duKwEci

Genvid Entertainment and Gearbox have announced Borderands EchoVision Live, an interactive streaming series. It's a community-led game where players decide how a story unfolds, similarly to something like Twitch Plays Pokemon.

The game follows eight tourists who want to be Vault Hunters. After spending money on a tour of Eden-6, they find themselves stuck in the town of Greywater Junction. They must work together and overcome bandits in order to survive.

The audience will engage with the story to determine how the characters develop and decide their fates. "Every decision you make, every moment you participate matters.” explained Jacob Navok, CEO of Genvid Entertainment in a press release. "This is your chance to make a mark, to leave a legacy in this world. Decisions don’t have a reset button and are shared by all participants."

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