All eyes are onWarner Bros. DiscoveryandParamount Picturesafter the chief executive officer of each caller encounter Tuesday in New York City to explore a possible merger . grant toAxios , Warner Bros. Discovery CEODavid Zaslavmet with Paramount Global CEO Bob Bakish and Shari Redstone , who owns Paramount ’s parent company , about striking a deal to produce a new medium titan through their combine military unit .
What ’s interesting is that currently , WBD ’s market economic value ride at around $ 29 billion and Paramount ’s at about $ 10 billion , making the merger seem like a free-enterprise move between two legacy studios to compete with Disney . Axios noted that Zaslav and Bakish ’s meeting “ lasted several hour ” at Paramount ’s main office in Times Square . The two were said to have lay out how both companies could merge their film studio and streaming services to compete with rival companies like Disney and Netflix .
The source goes on to say that it ’s “ unclear whether WBD would bribe Paramount Global or its parent company , National Amusements Inc. ( NAI ) , ” but both options are on the board . Warner Bros. Discovery have seemingly hired bankers to explore the deal . Talk about a way to end the troubled year at some of the expectant film studios in Hollywood .
Illustration: Garry Brown/IDW
io9 has reached out to both Warner Bros. and Paramount for a reply to Axios ’ paper ; a Warner Bros. interpreter declined to point out . We ’ll update this post when and if we hear more .
desire more io9 intelligence ? check up on out when to expect the latestMarvel , Star Wars , andStar Trekreleases , what ’s next for theDC Universe on film and TV , and everything you need to screw about the future ofDoctor Who .
David ZaslavdisneyNetflixParamount PicturesWarner Bros.
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