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The streaming industry is facing challenges as services aim to merge and grow to compete with Netflix, resembling traditional cable in cost.
A potential merger between Warner Bros. Discovery and Paramount Global is on hold due to WBD’s financial issues.
“Comcast, the owner of CNBC parent NBCUniversal, isn’t interested in acquiring Paramount Global assets,” CNBC wrote.
Paramount is exploring potential buyouts, with Skydance Media conducting due diligence.
Despite financial setbacks, WBD’s Max streaming platform turned a profit in 2023.
Paramount is actively seeking partnerships or mergers, making a blockbuster merger seem inevitable in the future.
