Report: Paramount Skydance Would Keep Warner Bros. Discovery Largely Intact in Merger Plan

Overview

• Bloomberg reports that the proposed integration would preserve most Warner Bros. Discovery operations while consolidating overlapping functions.
• Creative teams at both studios would be retained, with marketing and distribution simplified under a combined structure.
• HBO Max would be folded into Paramount+, and there are no plans to sell or break up either company’s cable networks.
• The plan targets about 30 films a year across the combined companies by using emerging technologies and artificial intelligence to boost output.
• Reuters says it has not verified the Bloomberg report and the companies have not commented, after Warner’s board last week rejected a nearly $60 billion offer and analysts labeled Paramount Skydance the leading bidder.