Warner Bros Discovery and Paramount Global are in early talks to merge, according to multiple media reports.
The deal would see the owner of HBO channels and CNN team up with the studio behind the Mission Impossible films and CBS News.
The deal would bring together two of Hollywood’s “Big Five” studios, with Warner and Paramount’s combined market value standing at $38bn (£30bn).
The deal would bring together two of Hollywood’s “Big Five” studios, with Warner and Paramount’s combined market value standing at $38bn (£30bn).
Warner chief David Zaslav and Paramount boss Bob Bakish discussed a possible deal over lunch in New York this week, according to news site Axios.
Streaming of shows and films has meant that traditional media companies have had to invest quickly to compete with the likes of Netflix, Amazon Video and Apple TV.
Warner and Paramount have had to commit to some deep cost-cutting, as they try to minimise losses running into the billions of dollars from their video streaming services.
As a result their stock prices continue to trade well below their highs in the early days of streaming.
According to Axios, the chief executives discussed how each company’s main streaming service, Paramount Plus and Max (formerly HBO Max), could merge to better take on rivals Netflix and Disney Plus.
Warner Bros Discovery and Paramount Global are in early talks to merge, according to multiple media reports.
The deal would bring together two of Hollywood’s “Big Five” studios, with Warner and Paramount’s combined market value standing at $38bn (£30bn).
The deal would see the owner of HBO channels and CNN team up with the studio behind the Mission Impossible films and CBS News.
Warner chief David Zaslav and Paramount boss Bob Bakish discussed a possible deal over lunch in New York this week, according to news site Axios.
The deal would bring together two of Hollywood’s “Big Five” studios, with Warner and Paramount’s combined market value standing at $38bn (£30bn).
The deal would bring together two of Hollywood’s “Big Five” studios, with Warner and Paramount’s combined market value standing at $38bn (£30bn).
Warner chief David Zaslav and Paramount boss Bob Bakish discussed a possible deal over lunch in New York this week, according to news site Axios.
Streaming of shows and films has meant that traditional media companies have had to invest quickly to compete with the likes of Netflix, Amazon Video and Apple TV.
Warner and Paramount have had to commit to some deep cost-cutting, as they try to minimise losses running into the billions of dollars from their video streaming services.
As a result their stock prices continue to trade well below their highs in the early days of streaming.
According to Axios, the chief executives discussed how each company’s main streaming service, Paramount Plus and Max (formerly HBO Max), could merge to better take on rivals Netflix and Disney Plus.
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