Warner Bros. Discovery and Paramount Global eyeing grand merger? Here’s more about potential deal

The entertainment giants, Warner Bros. Discovery and Paramount Global, are reportedly seeking the opportunity to do a merger. The amalgamation of the two renowned companies is expected to create quite a stir in the industry. The respective Chief Executive Officers of the global brands reportedly have had a meeting in New York City to discuss the potential union.

Is the merger really happening?

According to Variety, the two media giants are in talks about a potential merger that might be one of the biggest unions of the two esteemed organizations. Although sources confirmed that a meeting was held in the Big Apple city to discuss the proposal for the merger, there are no confirmations yet regarding the highly anticipated deal.

Paramount Global CEO Bob Bakish and Warner Bros. Discovery CEO David Zaslav discussed the possible merger over a lunch meeting on Tuesday, as per Variety sources.

The entertainment moguls are still in the preliminary talks with both spokespersons refusing to speak further on the matter. Only time will tell if the deal will seal the fates of Paramount Global and the Warner Bros media company, spearheading the TV/film studios, HBO, and Discovery cable channels. Apart from a wide reach in TV, films, and sports, the entertainment conglomerates also have an esteemed mark in the streaming platforms with HBO Max and Paramount+ leading the OTT battles with Netflix, Disney+ or Hulu.

Also Read: 25 horror and sci-fi classics are now available for just $30 from Warner Bros. 

Film franchises and their royalty rights

In the near future, whenever the merger takes place, the mega deal will ensure productive results for both moguls.

The companies are anticipated to enjoy the royalty rights from each other. While Warner Bros.Pictures, under its umbrella of iconic film franchises, includes, Harry Potter, Lord of the Rings, and DC Extended Universe, Paramount Pictures brings the glory of The Godfather, Top Gun, Terminator, Star Trek, and Transformers on the cards.

More details regarding the merger are awaited.