A merged Warner Brothers-Discovery-Paramount Global would combine their TV operations. Warner Bros. Discovery’s cable lineup includes CNN, HBO, TNT, TBS, Discovery Channel, Cartoon Network, Food Network, HGTV, TLC and others. Paramount’s networks include CBS, Comedy Central, MTV, Nickelodeon and BET. Also this week, media mogul Byron Allen reached out to Paramount’s top brass to extend a $3.5 billion offer to buy BET Media Group, which includes BET, VH1 and the BET+ streaming service.
Warner Bros. Discovery was formed through Discovery Inc.’s acquisition of WarnerMedia from AT&T, a deal that closed in April 2022. Paramount Global is the result of the merger of CBS and Viacom — a combination driven by Shari Redstone — which closed in December 2019.
I’m fine with whether or not the merger between Warner Bros. Discovery and Paramount Global would come into fruition. If that happens, then the merged media company would be name “Warner Bros. Paramount.”
They can merge until there is one stream left pushing new shows out of a basement in Burbank because everyone else has been fired.
None of this will save the Hollywood system, they are doomed. People don’t need them anymore.