HBO Max and Paramount+ to Merge Into 1 Streaming Platform
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Though not a done deal — there are still quite a few regulatory hurdles to clear, locally, federally and abroad — Paramount Skydance Warner Bros. Discovery (unofficial, but yikes) now has a fairly open path to try its unified hand at Hollywood domination.
Should a Paramount-WBD merger ultimately be greenlit, two declining businesses will be challenged to form a profitable one. Even with regulatory approval, Paramount-Skydance-Warner-Bros.-Discovery faces an uphill climb.
With Netflix backing out, Paramount is now set to buy Warner Bros. Discovery for $111 billion. That would put two longtime Hollywood studios under one roof, along with streaming services, cable channels and big news operations.