Despite the questionable decision and mixed public reception A Warner Bros. invention The financial condition of the company is good in the last one year. is worth more than $29 billion and is reducing its debt, a new report has revealed This company is looking to merge with Paramount.
According to a report by Axios, Warner Bros. Discovery CEO David Zaslav and Paramount Global CEO Bob Bakish met in New York last Tuesday. where they discussed a possible merger between the two companies. Zaslav also held a meeting with Shari Redstone, CEO of Paramount’s parent company, National Amusements Inc. Although there is no concrete information at the moment, there is a high possibility that this will happen.
To begin with, Zaslav told investors that the company’s cost and debt reduction measures allowed it to “allocate more capital to growth opportunities.” Similarly, the tax provision used to merge WarnerMedia and Discovery expires next year. That would legally allow Warner Bros. Discovery to explore another such deal.
It has also been mentioned There is good synergy between Warner Bros. Discovery and Paramount, as both companies’ properties and platforms complement each other. The biggest example is their streaming service. If they merge, the content we find on this platform, or a combination of both, could compete with Netflix and Disney+.
however, This is not an equal purchase.. Not only is Warner Bros. Discovery worth $29 billion, while Paramount is worth just $10 billion, but those responsible for distributing films like Scream 7 and Mission Impossible are under tremendous pressure to find a partner or strategic buyer, while facing a mountain of debt.
There is no official information from Warner Bros. Discovery or Paramount at this time and considering the time of year, It is very likely that we will have more information about it until next year. However, the possibility of this merger has not been ruled out. On a related note, season two inside It has been delayed. Similarly, it is confirmed I saw the eleventh.
Editor’s note:
Paramount is in a tough spot, and while I’m not a fan of the idea of ​​them merging with Warner Bros. Discovery, especially considering their decision last year to cancel productions ready for release, it seems like they want to continue competing against the industry’s greats. The only way the company can take.
Through: Axios
