Now that Netflix has backed out of its bid to acquire WBD, the Ellisons stand to gain an entirely new trove of significant intellectual property, from DC Comics to Harry Potter. According to Reuters, Warner Bros. agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday, with Paramount Skydance agreeing to pay a $7 billion termination fee if federal regulators don’t approve the merger.
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But of course, like any immutable system, there are mutable parts (otherwise, we couldn’t create any configuration files). OSTree handles this with “overlays” (actually, we use OverlayFS) that allow a read-write filesystem to be layered on top of the immutable system. For example, the /etc and /var directories are writable, while the rest of the system is read-only.
Paramount Skydance, backed by the billionaire Ellison family, has been wooing Warner Bros for months, hoping to join forces with the storied Hollywood name to better compete with the likes of Netflix and Disney.
The firm's five-year contract, initially estimated to be worth £6m, has more than a year left to run - however a new company will start taking over the work in the coming months.