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Warner Bros. Discovery is exploring a potential merger of its streaming service, Max, with Paramount+. According to sources familiar with the matter, Paramount Global leaders are in discussions with several companies, including Warner Bros. Discovery, to explore merging Paramount+. The move is seen as a strategy to better monetize streaming content amid financial losses. Warner Bros. Discovery's shares fell 2.8% to $7.23 following reports of the potential joint venture. David Zaslav, CEO of Warner Bros. Discovery, has shown interest in the deal, which could signal a significant shift in the streaming industry. CNBC reports that Warner Bros. Discovery is interested in merging Max and Paramount+ as a joint venture. $PARA
$WBD Warner Bros. Discovery is interested in merging HBO Max and Paramount+ as a joint streaming venture, according to people familiar with the matter $PARA https://t.co/iAHsTNwaHT
Could Warner Bros Discovery’s Max be the partner Paramount+ is looking for? There’s interest from David Zaslav’s company in a deal. And it could jumpstart a “streaming 2.0” re-rationalization of the industry that could help all players. https://t.co/bNMxIZhqZm
WARNER BROS DISCOVERY SHARES OFF 2.8% AT $7.23; CNBC REPORTS WARNER BROS INTEREST IN MERGING MAX AND PARAMOUNT+ AS JV
