Thu. Jul 18th, 2024

Warner Bros. Discovery and Paramount Global are reportedly discussing a potential merger that could have wide-ranging consequences for entertainment.

This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available.

Summary

Warner Bros. Discovery and Paramount Global are in talks for a potential merger.
The CEOs of both companies, Bob Bakish and David Zaslav, reportedly met to discuss the possible merger.
The merger would bring together two major media conglomerates formed from other recent mergers.


Warner Bros. Discovery and Paramount Global are reportedly in talks for a merger. Both companies are the products of recent mergers, with Warner Bros. Discovery forming most recently out of the 2022 merger between Warner Bros. and Discovery. Paramount Global was formed from the 2019 merger between CBS Corporation and Viacom and was formerly known as ViacomCBS Inc. until 2022.

Per Axios, multiple sources are saying that Paramount Global’s Bob Bakish and Warner Bros. Discovery’s David Zaslav met with one another on Tuesday. The CEOs were reportedly discussing a possible merger between the two companies.

More to come…

Source: Axios

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