Bloomberg News reported today:21 December) that 2 The largest film production studio in the world, such as Warner Bros. (Warner Bros.) Negotiations are underway for a merger with Paramount. worldwide (paramount global) With this negotiation, it is still only a preliminary stage. It may not lead to reaching any agreement.
Mr. David Zaslav, CEO of Warner Bros. Discovery, meeting with Mr. Bob Bakish, CEO of Paramount Global, today last Tuesday (December 19) in New York City. To discuss the merger agreement between two of the largest film production studios in the world. Axios previously reported that David Zaslav also spoke with Paramount president Shari Redstone. He is the majority shareholder and has the power to control the business, including being the owner of CBS.
This merger between the two companies will include the film studios and television stations of Paramount and Warner Bros. Including many pay TV and radio stations like HBO and CBS under one roof
However, the merger of the two media giants is likely to face intense scrutiny. From federal regulators and under President Joe Biden’s administration, even Warner Bros. executives have indicated… They are open to such a merger. This is because Warner Bros. It does not have a television network like Paramount’s CBS.
Both companies are currently facing serious revenue problems. Because consumers have canceled their cable TV subscriptions. And it turned to broadcasting platforms, in addition to the cost of sports broadcasting, it also increased a lot
However, if the merger actually occurs it is expected that it will take at least another 2-3 years for all aspects of management to be formally finalised.
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