02/01/2024, 14:39
The market capitalization of Warner Bros. Discovery is $28.4 billion and Paramount Global is $10.4 billion.
Warner Bros. Discovery is in talks with Paramount Global about a possible merger. According to Axios, the initial talks are mainly about how the companies will be able to compete with big rivals in the streaming platform market – Netflix, Amazon and Disney+.
WBD chief David Zaslav and Paramount's Bob Buckish spoke for several hours at Paramount's headquarters in Times Square, New York.
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In 2021, WarnerMedia merged with Discovery to create Warner Bros. Discovery. In November of this year, Davit Zaslav told investors about further development opportunities. WBD has yet to launch its biggest platform globally – Max (it will debut in Poland next year) – but it is already considering another major transaction. Paramount is looking to develop the Paramount+ service.
Warner Bros. The Discovery joint venture will bring television networks such as: CNN, HBO, TNT, TBS, Discovery Channel, Cartoon Network, Food Network, HGTV, TLC. Paramount: CBS, Comedy Central, MTV, Nickelodeon and BET (media mogul Byron Allen offered to buy the latter for $3.5 billion).
The market capitalization of Warner Bros. Discovery (including the owner of Polish TVN) is $28.4 billion, and Paramount Global is $10.4 billion.
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(MAC, 02/01/2024)
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