CNN

Netflix to acquire Warner Bros Discovery in $83bn mega deal

By Hadiza Abdulkadir

Netflix is set to acquire Warner Bros Discovery, including HBO Max and the company’s historic film studios, in a landmark deal valued at $83 billion, marking one of the most significant shake-ups in modern entertainment history.

The agreement brings together Netflix’s vast global streaming footprint with Warner Bros’ deep library of iconic franchises, from DC superheroes to the Wizarding World, and critically acclaimed HBO series such as Game of Thrones and Succession.

As part of the arrangement, Warner Bros Discovery will first spin off its cable networks — including CNN, TNT and TBS — into a separate entity before the sale is finalised. The merger still faces regulatory scrutiny in the U.S. and Europe, with critics warning that the consolidation could suppress competition and limit creative diversity.

If approved, the tie-up would create a powerhouse straddling both Hollywood tradition and streaming dominance, reshaping the future of global media.

U.S. Intelligence: Iran not actively pursuing nuclear weapon, capability still years away

By Muhammad Sulaiman

U.S. intelligence assessments have concluded that Iran is not currently pursuing a nuclear weapon, despite heightened regional tensions and fears of escalation. According to officials cited by CNN, Iran would still need up to three years to produce and deliver a nuclear warhead to a target of its choosing, should it decide to take that path.

These revelations come amid a dramatic military conflict between Israel and Iran that erupted earlier this month. On June 13, Israel launched a wide-ranging preemptive military campaign—codenamed Operation Rising Lion—against Iran, targeting over 100 sites including nuclear facilities in Natanz, Isfahan, and Tehran.

The Israeli strikes killed at least 224 people and injured more than a thousand, many of them civilians. Civilian infrastructure, including hospitals and power stations, was also severely damaged.

Iran retaliated with Operation True Promise 3, unleashing a massive barrage of over 150 ballistic missiles and more than 100 drones against Israeli military bases and infrastructure. Dozens of Israelis were injured, several seriously.

Despite the intensity of the conflict, U.S. intelligence officials maintain that Iran has not made the political decision to weaponize its nuclear program. While uranium enrichment activities continue, they have not reached a threshold indicating imminent nuclear arms development.

The ongoing war has raised concerns among international observers, with legal experts warning that elements of the Israeli offensive may violate international law. As both sides continue exchanging fire, diplomatic efforts face severe obstacles, and fears grow of further escalation in an already volatile region.

Jeff Bezos plans to give away his $124 bn fortune to charity

By Ahmad Deedat Zakari

Amazon founder and second world’s richest man, Jeff Bezos, has hinted on plans to give away most of his massive fortune.

Bezos, in a response to CNN’s journalist question on whether he planned to give most of his wealth away, said: “Yeah, I do.”

He told CNN that he and his girlfriend, Lauren Sanchez, were building the capacity to be able to give away his money .

“We are building the capacity to be able to give away this money,” he said.

According to him, the money will go to causes that are dear to his heart. These include tackling climate change and supporting people who can unify humanity.

Jeff Bezos is the latest billionaire to make promises of giving away his massive fortune. While Warren Buffett and Bill Gates lead the world in support for philanthropic causes, Bezos has only given $2.4bn to philanthropic causes in his lifetime.

According to Forbes, his donations to charity is dwarfed by that of his ex-wife, Ms Scott, who has given away $12.8 bn of her money.

Between citizen and parachute journalism 

By Abdullahi A. Maiwada

“‘Parachute Journalism’ trivialize and sensationalize events that are more complex than a 30-second clip can capture” – Thomas L. McPhail.

However, this era of social media has made citizen journalists more dangerous than parachute journalists. While practitioners of the former are utterly ignorant about the basic principles of the profession, the latter is about placing journalists into an area to report on stories with little knowledge or experience. Lack of knowledge and tight deadlines often result in inaccurate or distorted news reports, especially during breaking news. 

While citizen journalists lack the fundamentals of news judgement, one cannot neglect their relevance in the business of news reportage. In some cases, the traditional media rely on citizen journalists for updates about issues in the form of eyewitness reports. 

The above implies that both parachute journalism and citizen journalism are interrelated at specific points. In most cases, their characteristics can be catastrophic and misleading instead of informing and educating. 

Even though I am not a fan of CNN, my recent update about the strategies by the new CEO Chris Licht making frantic efforts to redefine the usage of breaking news is a step in the right direction. “Moving away from alarming news distributing styles”, he said.

Both citizen journalists and mainstream media have fallen into the trap of fake news and hate speech precipitated by digital media. This is to satisfy the urge to take the lead in breaking the news.

In the word of my journalism lecturer Dr Kola Adesina “no time to think syndrome”. The outcome is having limited know-how to strike a balance between speed and accuracy. Thanks to convergence which created a blurry line between mainstream and digital media.

The primary reason we dish out content is to inform and not disinform, misinform and mal-inform. Why can’t we think twice and have a sober reflection before writing or talking? We should endeavour always to put a round egg in a round peg to avoid misleading society towards the direction of Rwanda. 

Influential media effect theories are still relevant in the digital age. The hypodermic needle/bullet, agenda-setting theories and the likes play a critical role in shaping the perception of the gullible and media illiterates who form the majority in our society. 

I have encountered a colleague who changed his perception of Russia based on an American movie. We have so many of them out there.

Finally, I will end my piece with the saying of our beloved Prophet (SAW). “Whoever believes in Allah and the day judgment should utter what is righteous or keep mute”. Gbam!!!

Abdullahi A. Maiwada is a superintendent of Customs attached to the Public Relations Unit, Nigeria Customs Service Headquarters, Abuja.