The Rundown: Streaming deals heat up, AI hits Hollywood

Permission to close. Paramount Skydance's deal for Warner Brothers and everything AI here in Hollywood. I'm Ed Ludlow and this is the rundown. The biggest stories on Bloomberg Tech this week from Bloomberg screentime. So we're in LA at screentime and the news hits. A judge approves Paramount Skydance closing its deal for Warner Bros. Cut to on stage. Netflix co-CEO Ted Sarandos is asked about his regrets that Netflix couldn't get that deal done. >> The plan was solid. Um I think we we the and we certain we won the deal at some point so we thought [music] we priced it right. Um at our scale that was the top price point where I thought we could return value to our shareholders with that asset. Any more than [music] that I didn't I thought we'd be taking into negative territory. >> You cannot escape the AI conversation here in Hollywood at Bloomberg screentime. There is a very wide range of views from abundance to job elimination and somewhere in the middle a big voice weighs in saying AI's going to be a positive for Hollywood. >> When I worry about AI, I worry [music] about like my kids in school. I worry about responsible use. Um I don't worry about [music] Skynet and I don't think that it's going to take over this business in any any meaningful way. I think it's going to be additive. >> So we speak to the actors, the producers, the CEOs and yes, the conclusion is somewhere in the middle in terms of what AI is going to do for Hollywood but there is a change. I'm Ed Ludlow and this is the rundown and for all the news and data you need, you know where to find us.