Warner Bros. Discovery and Paramount Global have reportedly discussed the possibility of a merger, bringing together two massive libraries of content in the process.
In its current form, Warner Bros. Discovery is already the result of a merger of WarnerMedia and Discovery Inc. The two companies combined to create the new Warner Bros. Discovery entity in 2022. This also led to HBO Max becoming Max and receiving a very healthy dose of Discovery+ content.
Now, and according to a report by Axios citing “multiple sources” for the information, Warner Bros. Discovery’s David Zaslav and Paramount Global’s Bob Bakish met up this week at Paramount’s New York City headquarters. According to the report, the two CEOs discussed the possibility of a merger.
As to be expected, one of the topics of conversation, within the wider discussion of a merger, was the possibility of bringing Max and Paramount+ together into one service. The idea here being a combined service would be far better positioned to take on the likes of Disney+ and Netflix.
The report also details other additional possible outcomes of a merger, such as the combining of CBS News and CNN, as well as the combining of CBS Sports content with Turner Sports content. Considering both of these currently share March Madness rights, this would result in a single destination for all things March Madness.
While such a merger would open up all of these possibilities and more, it still remains unclear whether both or either company plans to move forward with a deal. Not to mention, it also remains unclear as to how a deal would work, including whether Warner Bros. Discovery would ultimately end up purchasing Paramount Global.
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