Paramount Considers Streaming Deals With Eyes on Warner Bros. Discovery | EUROtoday

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The key this time can be within the union of particular person companies. And, on this particular case, teaming up in streaming that’s bringing extra ache than pleasure to a Paramount on the focus for a gross sales course of that has not taken off and that has seen, most lately, the failure of negotiations between Shari Redstone (head of National Amusements: the household firm that controls 77% of Paramount Global that controls Paramount) and David Ellison's Skydance.

The son of Larry Ellison – co-founder of Oracle – would have geared toward a merger inside Paramount. And as a substitute it’s CNBC that’s relaunching a speculation that, like a number of months in the past, sees Warner Bros. Discovery on the opposite aspect. But this time – after the rumors of the previous few months that indicated negotiations that had as their goal the sale of all the Paramount to the media big led by David Zaslav – the ultimate final result can be a merger between the 2 streaming providers of the large US media: Max (for Warner Bros. Discovery) and Paramount+. The first with 100 million customers worldwide and the second that closed the primary three months of the 12 months with 71 million subscribers.

In actuality, the article outlines an image of discussions on a broader scale and with varied corporations, held by a Paramount Global all for intervening on its streaming service Paramount+ which has to deal – like all streaming platforms – with a saturated market, particularly within the US, which is troublesome to reconcile with the necessity to hold investments excessive on content material to make headway. To this we should add the actual scenario of a Paramount (with property starting from cable TV channels corresponding to MTV, Comedy Central and CBS, along with the streaming service Paramount+) burdened by 14.6 billion {dollars} of debt.

Warner Bros. Discovery would nonetheless be, in response to CNBC, among the many corporations most all for a wedding between streaming providers. After all, it’s plain {that a} unified service would signify the perfect antidote to the flight of subscribers that signify the actual nice plague for streaming platforms that battle it out with gives and content material.

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In this new scheme, then, there can be, on the one hand, a Warner Bros. Discovery with $103 million in annual adjusted EBITDA in 2023 after dropping $2.1 billion the 12 months earlier than and, on the opposite, a Paramount that reported a lack of $1.67 billion in direct-to-consumer working earnings earlier than depreciation and amortization in 2023, preceded by a lack of $1.8 billion the earlier 12 months.