Not long ago, Paramount Global announced that they'd be laying off 800 employees due to the effects of streaming as the company is looking to transform. Prior to this, the parent company Amusement Park was looking to sell their shares in the company.
Aside from Warner Bros. Discovery, they also garnered interest from Skydance Media, Apollo Management and Byron Allen Group.
As some readers are aware, the formation of WarnerMedia and Discovery Inc. prevented the company from making any transaction call (merger) for at least another 2 years and with that stipulation set to expire soon it has brought a lot of fear amongst readers.
One of which was the possible merger of these two companies and also the exit of Discovery Inc. with the company likely to be sold to Amazon etc. Although the deadline for the merger is approaching the chances of a merger seem unlikely.
Aside from growing interest for Paramount Global, the company is in talks with NBCUniversal to merge their streaming services. On top of that, Warner Bros. Discovery and Disney are planning to launch a joint streaming service based of TNT Sports and ESPN.
If anything, it's likely that Paramount Global and Warner Bros. Discovery will probably explore other ways of working together. Merger talks with NBCUniversal are still in early discussion and so it kind of gives Warner Bros. Discovery a chance to make a better offer.
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