Warner Bros. Discovery in Talks to Merge With Paramount Global

The discussions come less than 2 years after the merger that created WBD

Paramount Warner Bros. Discovery
Paramount/Warner Bros. Discovery

Warner Bros. Discovery is in talks to merge with Paramount Global, TheWrap has learned.

Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday in New York City to discuss the potential for a merger of the two legendary Hollywood conglomerates. The two met at Paramount’s offices in Times Square.

Zaslav has also spoken this week to Shari Redstone, the controlling shareholder of Paramount Global through the parent company National Amusements, according to this individual. The two media moguls have a longstanding relationship and meet for dinner a few times a year.

Paramount Global, which comprises the historic Hollywood Paramount studio, CBS, the streaming service Paramount+, cable properties MTV, Nickelodeon, BET and others, has been rumored to be ripe for either sale or merger, with the company weighed down by legacy cable properties, and persistently low stock.

Drew Taylor

Drew Taylor is a reporter at TheWrap. Before joining the organization in 2021, Drew was a freelance film journalist with a keen interest in animation and Disney history. Drew has been covering film, television and theme parks for 15 years. He has written for the New York Times, the New York Daily News, Time Out…

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