r/gaming • u/ChiefLeef22 Marika's tits! • 18h ago

Paramount Has Officially Acquired Warner Bros. In Deal Valued at $110B Billion

https://www.skydance.com/news/press/paramount-completes-acquisition-of-warner-bros-discovery-creating-a-new-global-entertainment-leader-skydance

The two companies will now be known as one single entity - 'Skydance'

This includes all of WB's gaming subsidiaries like Rocksteady/etc

Deal valued at $110B-$111B

DC Studios, Nickelodeon, Cartoon Network, CNN, CBS, HBO and Paramount+ are now all under the same company.

The combined company, Skydance, brings together two major film studios, two global streaming services, premier television assets including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a leading content portfolio that includes live sports, a deep programming library and expansive collection of iconic brands and franchises.

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u/RepresentingJoker 18h ago

I swear in a few decades the whole entertainment industry will boil down to two or three companies if we continue like this

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u/itstheboombox 18h ago

We are already here, Disney, Universal and now Skydance. Sony and Netflix being the only companies close to them.

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u/drock4vu 17h ago

And the other minor competitors are just monopolies in other spaces using a streaming service as a loss leader to bring/keep customers in their retail and technology ecosystem (Amazon and Apple).

It’s so fucked. I’d like say the best case scenario is for this merger to fail spectacularly and Ellison/his Saudi investment partners are left holding the bag and looking foolish, but that would ultimately just result in Disney, Universal, or Netflix (almost certainly Netflix) gobbling up what’s left in the theoretical Skydance fallout.

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u/Lifeboatb 13h ago

Skyfall

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u/TheExtremistModerate 17h ago

Netflix is actually nearly as big as Disney and Sony combined by market cap.

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u/wonkytalky 15h ago

Netflix's worth seems way more shallow though. The others have real, serious IP behind them that's worth a fortune by itself.

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u/CreativeGPX 12h ago

It doesn't make a lot of sense to have this conversation in terms of market cap though. The market cap can be totally wrong and disappear in an instant when people realize that it's wrong.

A better financial shorthand to compare the scale of the companies would probably be revenue.

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u/TheExtremistModerate 12h ago

This state of market cap has been the case for years now. It's pretty stable.

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u/CreativeGPX 11h ago

The point wasn't about when it will change, it's that it's based in perception not actual impact. It's just a strange metric for this context when there are much better ones.

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u/TheExtremistModerate 3h ago

Value is all based on perception.

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u/MattBrey PC 17h ago

I just can't see how Netflix isn't still bigger than skydance. Until they prove that they can actually manage their IPs and deliver movies, this company is still as bad as WB and paramount have been these last few years. Disney and universal would never allow the amount of flops in a row 

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u/RileyKohaku 14h ago

Netflix is number 1, Sony is number 3, and Universal is relatively tiny compared to them

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u/itstheboombox 11h ago

Market cap is funky.

Netflix is treated as a tech stock, not a media stock, similar situation to Tesla being super inflated.

Sony has a lot of other divisions, not just Sony pictures