A development has occurred that is likely to have major consequences for the film industry. According to reports based on sources familiar with the matter, Warner Bros. Discovery and Paramount Pictures decide on a merger They held a meeting. If this merger takes place, a new media giant will be created.

Reportedly, Warner Bros. Discovery CEO David Zaslav, Paramount Global CEO Bob Bakish and Paramount Global owner Shari Redstone, Recently They came together. This meeting, which lasted several hours, was initially kept secret, but Explanation from sources familiar with the subjectbrought to light the inner truth of the matter.

They will compete with Disney and Netflix

Warner Bros. Discovery and Paramount Pictures are both part of the film industry. established names It’s between. Moreover, it is also important that both companies have achieved huge valuations. In this context; Warner Bros. Discovery’s market value $29 billion. Paramount Pictures’ market value is almost $10 billion. The merger decision allows the new company to become a direct competitor to giants such as Disney and Netflix.

As far as we understand from the explanation of the sources, the idea of ​​a merger is still in an early stage. Because there are great unknowns on this subject. Warner Bros. It is unclear whether Discovery will acquire Paramount Global or parent company National Amusements. According to the source, both options are on the table. Even Warner Bros. Discovery only works for this purpose. financial experts Rumor has it he’s hiring. It is a matter of curiosity how this development, which will open a new page for the film industry, will end…