A potential deal for Warner Bros. Discovery to merge with Paramount Global could be the next blockbuster Hollywood merger in a wave of consolidation that keeps reducing the number of legacy studios.
But this deal makes eminent sense for an entertainment conglomerate like Warner that needs to get still bigger to compete, and a legendary Hollywood brand that is trapped in a depressed stock price cycle and declining linear assets.
As news of discussions between the companies reverberated through the industry on Wednesday, TheWrap broke down the pros and cons of what a Warner-Paramount deal could mean for both companies.
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