Yet one other large Hollywood merger is probably within the offing, and with it comes the likelihood that the mainstream filmmaking panorama might shift dramatically within the years forward.
Warner Bros. Discovery and Paramount have reportedly begun talks a few potential merger. The CEOs of every firm — David Zaslav and Bob Bakish, respectively — met in New York City yesterday.
The assembly between Warner Bros. Discovery and Paramount was first reported by Axios, who wrote that “the meeting between Zaslav and Bakish, which sources say lasted several hours, took place at Paramount’s headquarters in Times Square.”
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There have been rumors for months about Paramount Global searching for an organization to both merge with or purchase itself outright, due to the studio’s massive debt load. And Zaslav isn’t any stranger to combining his firm with different leisure manufacturers to extend his portfolio. In 2018, his Discovery acquired Scripps Networks Interactive, which previously owned the Food Network and HGTV. In 2022, Discovery merged with Warner Bros., creating its present configuration as Warner Bros. Discovery, which abroad a wide range of film and TV manufacturers like TCM, Warner Bros. Pictures, DC Studios, TBS, CNN, and extra.
If the deal is consummated that might but once more cut back the variety of main Hollywood studios at the moment in existence. That would most likely not be in the very best curiosity of film lovers. (It could also be within the curiosity of those corporations’ stockholders, after all.)
Axios does word that “talks between WBD and Paramount are still early and may not ultimately result in a deal. But given the acceleration of cord-cutting and the growing encroachment of Big Tech on media, neither company can remain on the sidelines for long.”
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