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	<title>Paramount Skydance &#8211; Video Game News, Reviews, Walkthroughs And Guides | GamingBolt</title>
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		<title>WB Games Montreal Has Seemingly Been Hit by Lay-Offs</title>
		<link>https://gamingbolt.com/wb-games-montreal-has-seemingly-been-hit-by-lay-offs</link>
		
		<dc:creator><![CDATA[Joelle Daniels]]></dc:creator>
		<pubDate>Mon, 16 Mar 2026 12:25:38 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Paramount Skydance]]></category>
		<category><![CDATA[Warner Bros. Discovery]]></category>
		<category><![CDATA[wb games]]></category>
		<category><![CDATA[WB Games Montreal]]></category>
		<guid isPermaLink="false">https://gamingbolt.com/?p=639269</guid>

					<description><![CDATA[While Warner Bros. itself is yet to make any definitive statement on the matter, several now-former employees confirmed the lay-offs.]]></description>
										<content:encoded><![CDATA[<p>With Netflix having pulled out of its acquisition deal for Warner Bros. Discovery in light of Paramount Skydance offering a larger amount of money to buy the company, it looks like the Warner Bros. Games division is already facing negative effects. WB Games Montreal has seemingly been hit with lay-offs, with a number of developers for the company taking to LinkedIn to confirm this.</p>
<p>Among those affected by these lay-offs are <em>Gotham Knights</em> level designer Camille Olivier Paquette, lead scriptwriter on <em>Gotham Knights</em> and associate narrative director on <em>Wonder Woman</em> Ceri Young, and associate producer Nicolas Pereira-Poisson.</p>
<p>&#8220;Today was my last day at Warner Brother Games Montreal and I am now looking for an opportunity to continue my career as Level Designer in the industry,&#8221; wrote Paquette in a <a href="https://www.linkedin.com/posts/camille-olivier-paquette-90606a63_opentowork-activity-7437968083027378176-qTu9?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAAxsEDUBhArLvs3S7uX0l-iE-Kmx-usUz6A" target="_blank" rel="noopener">LinkedIn post</a> over the weekend. On around the same day, Young also announced her departure through a post. &#8220;Hey all! As of today I&#8217;m looking for a new role in the games industry,&#8221; she <a href="https://www.linkedin.com/feed/update/urn:li:activity:7437909391783264257/" target="_blank" rel="noopener">wrote</a>.</p>
<p>While Pereira-Poisson hasn&#8217;t outright made any posts announcing his departure from the company, a quick look at his <a href="https://www.linkedin.com/in/nicolas-pereira-poisson-b50513184/" target="_blank" rel="noopener">LinkedIn profile</a> reveals that his tenure at WB Games Montreal as a full-time associate producer came to an end this month. Before this, he had worked on the ill-fated <em>Suicide Squad: Kill the Justice League</em>, as well as three unannounced games.</p>
<p>While neither Warner Bros. Discovery, nor Paramount Skydance have made any statement regarding these lay-offs, Motive Studio&#8217;s experience design director Eric Bellefeuille too to LinkedIn to write his own.</p>
<p>&#8220;Layoffs are never easy, and my thoughts go out to the incredibly talented developers affected by the recent changes at Warner Bros. Games Montréal and Electronic Arts,&#8221; he <a href="https://www.linkedin.com/posts/eric-bellefeuille-39b0ba4_layoffs-are-never-easy-and-my-thoughts-go-activity-7437933911503949824-Jrji?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAAxsEDUBhArLvs3S7uX0l-iE-Kmx-usUz6A" target="_blank" rel="noopener">wrote</a>. &#8220;To anyone impacted, if you need support, introductions, or simply someone to help you expand your network, please don’t hesitate to reach out. Our industry is built on collaboration and community, and I’d be more than happy to help however I can.&#8221;</p>
<p>&#8220;You’re not alone in this moment. There are many of us who value the skills, creativity, and passion you bring to game development. Let’s stay connected.&#8221;</p>
<p>Netflix was <a href="https://gamingbolt.com/netflix-is-acquiring-warner-bros-for-nearly-83-billion">originally going to acquire</a> Warner Bros. Discovery in a deal valued at around $82.7 billion as of December 2025. However, Paramount Skydance offered its own deal, valued at $111 billion. This led to Netflix walking <a href="https://gamingbolt.com/netflix-will-not-match-paramount-skydances-111-million-offer-to-buy-warner-bros-discovery">away from its initial deal</a> and referring to Paramount&#8217;s offer as being a &#8220;superior proposal&#8221;. Netflix co-CEOs Ted Sarandos and Greg Peters went on to note that countering Paramount&#8217;s offer made the deal no longer &#8220;financially attractive.&#8221;</p>
<p>“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,” said the CEOs in a statement. “However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”</p>
<p>In another statement, Sarandos would go on to note that <a href="https://gamingbolt.com/netflix-ceo-didnt-pursue-warner-bros-discovery-acquisition-further-because-we-didnt-need-it">Netflix pulled back from the deal</a> because &#8220;We definitely wanted this asset. We didn&#8217;t need it.&#8221; He went on to refer to Warner Bros. Discovery as a company that would have been nice for Netflix to have bought. Despite this, however, things are looking up for Netflix, with the $2.8 billion it got from Paramount Skydance as part of the deal&#8217;s breakup fee is being reinvested into the streaming giant.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">639269</post-id>	</item>
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		<title>Netflix CEO Didn&#8217;t Pursue Warner Bros. Discovery Acquisition Further Because &#8220;We Didn&#8217;t Need It&#8221;</title>
		<link>https://gamingbolt.com/netflix-ceo-didnt-pursue-warner-bros-discovery-acquisition-further-because-we-didnt-need-it</link>
		
		<dc:creator><![CDATA[Joelle Daniels]]></dc:creator>
		<pubDate>Mon, 02 Mar 2026 15:59:50 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[netflix]]></category>
		<category><![CDATA[Paramount Skydance]]></category>
		<category><![CDATA[Warner Bros. Discovery]]></category>
		<category><![CDATA[wb games]]></category>
		<guid isPermaLink="false">https://gamingbolt.com/?p=638319</guid>

					<description><![CDATA[Ted Sarandos went on to refer to Paramount Skydance's offer as "unusual, irrational, whatever words you want to use in that."]]></description>
										<content:encoded><![CDATA[<p>While Netflix was previously poised to acquire Warner Bros. Discovery as part of a deal valued at $82.7 billion, the company has since pulled back in light of a new deal offered by Paramount Skydance. In an interview with <a href="https://www.bloomberg.com/news/articles/2026-03-01/netflix-s-co-ceo-explains-why-he-quit-the-warner-bros-fight" target="_blank" rel="noopener">Bloomberg</a>, Netflix CEO Ted Sarandos was asked about why the company didn&#8217;t pursue the acquisition further, to which he responded by saying that &#8220;We didn&#8217;t need it.&#8221; He also referred to the offer made by Paramount Skydance as &#8220;unusual, irrational, whatever words you want to use in that.&#8221;</p>
<p>&#8220;It’ll be fascinating to see the next steps. I have been on the record a lot in the last two weeks talking about what I think the future looks like,&#8221; he continued. &#8220;I’m confident in our future that we’re not impacted by all that. In fact, maybe it’s to our advantage. But I hope I’m wrong for the sake of the industry.&#8221;</p>
<p>Warner Bros. Discovery presented &#8220;an incredibly unique opportunity&#8221; for Netflix, according to Sarandos. &#8220;We definitely wanted this asset. We didn&#8217;t need it.&#8221; As for the future, the company doesn&#8217;t seem to have any other acquisitions planned. Rather, the $2.8 billion it got from Paramount Skydance as part of the breakup fee will be reinvested in Netflix. “We are builders, not buyers,” he said. “All that is still true.”</p>
<p>Sarandos&#8217; statement echoes the one he made alongside co-CEO Greg Peters when <a href="https://gamingbolt.com/netflix-will-not-match-paramount-skydances-111-million-offer-to-buy-warner-bros-discovery">Netflix announced that it was pulling out of the bidding war</a> for Warner Bros. Discovery. In a statement, they described the company as a &#8220;nice to have&#8221; if the price were right, and not a &#8220;must have at any price.&#8221;</p>
<p>“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”</p>
<p>As for Paramount Skydance, its deal to acquire Warner Bros. Discovery is valued at around $111 billion, with WBD shares valued at around $31 each in cash. As part of this deal, Paramount will own the entirety of Warner Bros. Discovery, including its film properties and studios, its linear cable networks, and even studios under the Warner Bros. Games umbrella.</p>
<p>Back when Netflix was still part of the deal, the company had not mentioned Warner Bros. Games in its announcements. Peters had noted that, while he was impressed with the games released by the division, it was <a href="https://gamingbolt.com/netflix-didnt-attribute-value-to-warner-bros-games-in-acquisition-because-it-is-relatively-minor">&#8220;relatively minor&#8221; in the grand scheme of things</a>. Despite this, however, he had noted excitement at getting to work with some of the properties built by WB Games, citing <em>Hogwarts Legacy</em> as &#8220;a great example&#8221;. He went on to note that, &#8220;They’ve got great studios and great folks working there. So we believe that there’s definitely an opportunity there. But just to be clear, we haven’t built that into our deal model.&#8221;</p>
<p>In the meantime, Paramount Skydance hasn’t yet made any statements about its plans with Warner Bros. Games. However, considering the amount of debt taken on by the company for this acquisition (around $78 billion), layoffs across Warner Bros. Discovery may occur over time.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">638319</post-id>	</item>
		<item>
		<title>Netflix Will Not Match Paramount Skydance&#8217;s $111 Billion Offer to Buy Warner Bros. Discovery</title>
		<link>https://gamingbolt.com/netflix-will-not-match-paramount-skydances-111-million-offer-to-buy-warner-bros-discovery</link>
		
		<dc:creator><![CDATA[Joelle Daniels]]></dc:creator>
		<pubDate>Fri, 27 Feb 2026 11:28:42 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[netflix]]></category>
		<category><![CDATA[Paramount Skydance]]></category>
		<category><![CDATA[warner bros.]]></category>
		<category><![CDATA[Warner Bros. Discovery]]></category>
		<category><![CDATA[wb games]]></category>
		<guid isPermaLink="false">https://gamingbolt.com/?p=638111</guid>

					<description><![CDATA[Netflix co-CEOs Ted Sarandos and Greg Peters called the acquisition a "nice to have" and not a "must have at any price" kind of deal.]]></description>
										<content:encoded><![CDATA[<p>Netflix has announced that it is pulling back from its plans to acquire Warner Bros. Discovery. In a <a href="https://ir.netflix.net/investor-news-and-events/financial-releases/press-release-details/2026/Netflix-Declines-to-Raise-Offer-for-Warner-Bros-/default.aspx" target="_blank" rel="noopener">press release</a>, the company has confirmed that it will not be raising its offer to match what Paramount Skydance is offering, referring to it as being a “Superior Proposal” when compared to the existing deal Warner Bros. Discovery had signed with Netflix. The reason, according to Netflix co-CEOs Ted Sarandos and Greg Peters, is that the deal is no longer “financially attractive” if the company is forced to match Paramount’s offer.</p>
<p>“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,” said the CEOs in a statement. “However, we&#8217;ve always been disciplined, and at the price required to match Paramount Skydance&#8217;s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”</p>
<p>Despite its pull back from the deal, Netflix went on to praise Warner Bros. Discovery’s leadership—namely David Zaslav, Gunnar Wiedenfels, Bruce Campbell, Brad Singer, and the company’s board for its “fair and rigorous process”. The streaming giant went on to note that the acquisition was considered a “nice to have” if the price were right, and not a “‘must have’ at any price”.</p>
<p>Moving forward, Netflix has confirmed plans to invest around $20 billion in films and shows to expand its streaming offerings. It will also resume its share repurchase program.</p>
<p>The original deal that Netflix and Warner Bros. Discovery had agreed upon for the acquisition was <a href="https://gamingbolt.com/netflix-is-acquiring-warner-bros-for-nearly-83-billion">valued at around $82.7 billion</a>, with equity valued at $72 billion being part of the process. Rather than acquiring the entirety of Warner Bros. Discovery, however, Netflix was prioritizing its film and television studios, along with the HBO Max and HBO IPs.</p>
<p>Interestingly, the deal had made no mention of the various game studios part of Warner Bros. Discovery. Peters had said back in December that the gaming companies weren&#8217;t mentioned due to them <a href="https://gamingbolt.com/netflix-didnt-attribute-value-to-warner-bros-games-in-acquisition-because-it-is-relatively-minor">being a &#8220;relatively minor&#8221; part of the deal</a> in the grand scheme of things. Despite this, however, he also noted excitement to work with WB Games, saying that there is &#8220;definitely an opportunity there.&#8221;</p>
<p>“And maybe worth going back again to sort of how we thought about the deal and building our valuation model, while they definitely have been doing some great work in the game space, we actually didn’t attribute any value to that from the get-go because they’re relatively minor compared to the grand scheme of things,” said Peters. “Now we are super excited because some of those properties that they’ve built, Hogwarts Legacy is a great example of that, have been done quite well, and we think that we can incorporate that into what we’re offering. They’ve got great studios and great folks working there. So we believe that there’s definitely an opportunity there. But just to be clear, we haven’t built that into our deal model.”</p>
<p>For its part, Paramount Skydance has <a href="https://ir.paramount.com/news-releases/news-release-details/paramount-comments-warner-bros-discovery-boards-determination-0" target="_blank" rel="noopener">agreed to cover the $2.8 billion breakup fee</a> to get Warner Bros. Discovery out of its deal with Netflix. The overall deal proposed by the company is valued at a around $111 billion, with WBD shares being valued at around $31 each in cash. The deal involves the entirety of the company, while Netflix had no plans to buy its linear cable networks.</p>
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