Warner Bros. Discovery CEO David Zaslav held Paramount deal talks Business Insider | Makemetechie.com Summary

Image for article Warner Bros. Discovery CEO David Zaslav held Paramount deal talks  Business Insider | Makemetechie.com Summary

News Summary

  • Paramount struggles with declining revenue and streaming losses and an acquisition is widely seen as all but inevitable after Redstone has shown openness to a deal after long resisted selling.Zaslav has laid the groundwork in recent weeks for more dealmaking..
  • They're too late and lack the talent and strategy to build scaled streamers while managing their linear TV declines, and layering on more linear TV assets to a WBD or Paramount "feels like a financial death sentence," LightShed wrote..
  • WBD declined to comment; Paramount didn't immediately respond to a request for comment.The Axios report follows others that Skydance and its backer RedBird Capital have talked to Redstone about a deal for Paramount..
  • Discovery to cut debt and set the company up for growth with a new streamer, Max..
  • David Zaslav rocked the entertainment industry in 2022 with a historic merger, following it up by slashing costs at the newly created Warner Bros..
  • "Investors might be in that show-me mode of, 'How are you going to make this work?'".
David Zaslav rocked the entertainment industry in 2022 with a historic merger, following it up by slashing costs at the newly created Warner Bros. Discovery to cut debt and set the company up for g [+3702 chars]

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