Warner Bros. Discovery and Paramount Plan to Merger

There has been a development that is likely to deeply affect the cinema industry. According to reports based on sources familiar with the matter, Warner Bros. Discovery and Paramount Pictures to decide on a merger They held a meeting. If this merger takes place, a new media giant will be established.

Allegedly, Warner Bros. Discovery CEO David Zaslav, Paramount Global CEO Bob Bakish and Paramount Global owner Shari Redstone, Recently They came together. This meeting, which lasted several hours, was kept secret at first, but Explanations from sources familiar with the subjectbrought the inner truth of the matter to light.

They will rival Disney and Netflix

Warner Bros. Discovery and Paramount Pictures are both part of the movie industry. well-established names It is among. Moreover, it is also important that both companies have reached huge valuations. In this context; Warner Bros. Discovery’s market value 29 billion dollars. The market value of Paramount Pictures is close to 10 billion dollars. The merger decision will enable the new company to become a direct competitor with giants such as Disney and Netflix.

As far as we understand from the explanations of the sources, the idea of ​​​​merger is still in early stages. Because there are big unknowns on the subject. For example, Warner Bros. It’s unclear whether Discovery will acquire Paramount Global or parent company National Amusements. According to the source, both options are on the table. Even Warner Bros. Discovery will only work for this purpose. financial experts It is rumored that he is hiring. It is a matter of curiosity how this development, which will open a new page for the cinema industry, will end…