Warner Bros. Discovery and Paramount discuss possible merger

Warner Bros. Discovery and Paramount discuss possible merger

Negotiations will be at an early stage

A Warner Bros. Opening And Paramount Global a merger may occur. Information that the two companies are discussing such a possibility was reported by Axios and confirmed by Variety.

According to the website, Warner’s CEO, David Zaslavwould meet with the CEO of Paramount, Bob Bakish, last Tuesday. The purpose of the meeting will be to discuss a possible merger. In addition, Zaslav would talk with representatives of the company, which is the main shareholder of Paramount, about the possibility of this merger.

To date, neither company has published an official position. The terms of the negotiations have also not yet been disclosed. What is known is that the discussion is currently at an early stage.

Both companies are currently heavily indebted – Paramount Global with $15.6 billion and Warner Bros. Opening from debt $43.5 billion.. However, from a company value perspective, Warner comes out the winner, adding market value $28.4 billionagainst $10.3 billion from Paramount.

A possible merger between the two companies would include their domains in television, film, streaming and sports programming, with a focus on combining platforms. Max This Paramount+as it will make streaming more competitive to compete with big names like Netflix and Disney+ and Hulu.

If the merger occurs, the Lord of the Rings films will become one of the major franchises shared by the two companies.

The alliance between WBD and Paramount will also house franchises such as Transformers, Mission: Impossible, Top Gun, A Quiet Place, Scream, Star Trek, Harry Potter, Lord of the Rings and films DC Cinematic Universe. Pay TV channels such as HBO, CNN, Discovery Channel, Cartoon Network, CBS, MTV, Nickelodeon and others will also be merged.

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