13 Hrs
Source:
Sky News
Paramount-Warner Bros. merger finalized
The American media and entertainment giants, Paramount Sky Dance and Warner Bros., announced the completion of a merger deal valued at $81 billion to establish a new company called Sky Dance. The new entity will offer live streaming services such as "Paramount Plus" and "HBO Max," in addition to bringing together the top five film production companies, along with some of the most famous film franchises and television networks like CBS, TNT, and CNN. This deal marks a major shift in the Hollywood industry, with Sky Dance acquiring Warner Bros. after previously investing $8 billion in Paramount. The total value of the deal reaches approximately $111 billion, including outstanding debts.
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