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Could Max and Paramount+ Merge? Warner Bros. Discovery Open to Exploring Paramount Streaming Joint Venture
Warner Bros. Discovery has indicated early interest in exploring a partnership with Paramount Global to combine WBD's Max and Paramount+.
Paramount Global, after its controlling shareholder Shari Redstone scrapped merger talks with Skydance Media last month, is proceeding under a new strategic plan under three co-CEOs to slash costs, explore the sale of certain assets and accelerate the profitability of Paramount+ in a possible joint venture with another player. But what they don’t have is our scale of content and together we will make for a very powerful combination to drive more minutes and greater profits,” McCarthy told employees at the town hall. McCarthy said “the great news is there is tremendous interest in partnering with us across both of these strategic options, given the strength of our content, the volume of our hits, and our industry-leading track record.”
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