What $157b Paramount-Warner Bros. media merger means for streaming in Australia
Analysis: One of the biggest media mergers in history completed overnight, with Paramount buying Warner Bros. for a staggering $US110 billion ($157 billion).
While these companies are known for their movie studios, for the average Australian, the real question is: what does this mean for streaming?
The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank. AP Photo/Jae C. Hong
The new company, known as Skydance, brings together everything Paramount and Warner Bros. own, from the studios themselves to the titles and franchises they’re known for, and, of course, their streaming platforms.
As with any merger, these things aren't just done because there's money to be made.
They're done because there's money to be saved.
Over the years ahead, there’ll be ...