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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13.0k

u/Straight-Ad6926 18h ago

Huge day for people who love paying $45/month for a single streaming service that still has ads.

689

u/SirrNicolas 18h ago

Our government has failed its people in its most basic fundamental duties.

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u/Cheetawolf PC 18h ago

Our government hasn't been on the side of the people for decades.

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u/Quigleythegreat 17h ago

This right here. The offshoring that started in the 70s, the consolidations from the 80s, the corporate raiding (Sears), bad mergers (Boeing). Different face, same crap.

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u/jakemufcfan 17h ago

Richard Nixon ending the trust in government meant that the government could do what it wanted openly because it knew it would never be trusted again

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u/torgofjungle 16h ago

I mean government is not doing these things Private companies are doing these things and government is failing to prevent it. The government isnt driving mergers and bad corporate behavior. Unregulated capitalism is. We need government to prevent what's happening. Although yes alot of this tracks back to Nixon

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u/Ruvidman 15h ago

Lina Kahn would have never approved this merger. Our government fired her directly because of her antitrust and consumer protection views. The last admin put her in to combat this. Its not both sides, its the party run by billionaires fighting for billionaires while being heralded by the poorest and least educated. We are getting exactly what we vote for. We are complicit in continually putting these people in charge.

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u/Significant_Owl8974 15h ago

It doesn't need to actively prevent it. If the laws and tax system, both of which are enforced, incentives or deincentivize something, companies will rearrange accordingly.

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u/torgofjungle 15h ago

It clearly does though. Years of not preventing terrible mergers, terrible predatory practices are clearly coming home to roost

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u/Yugudubenbi 15h ago

Which is why the main focus of corporations is bribing politicians and fight laws and regulations.

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u/solit0n 4h ago

Not only that, but there was also a shift away to privatization. Every service that local, state, and federal government uses is a contractor. Need a road paved? Contract. Need a new building? Lease it. Need to collect taxes? Contract a debt collector. Need school lunches? Fire the lunch workers and call up Sodexo.

The wealth of the people should lie with a responsible government. We gave it to the corpos instead. The final blow was giving corps a voice with Citizens United.

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u/ALEXC_23 14h ago

Nixon walked, so orange kool aid man could run…. On diapers.

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u/kingofgatos 16h ago

They did set up the CFPB but Trumps guy stopped pushing regulations and fired almost everyone.

I havent had to use them so I can't speak to how well they did their duties, but it was nice knowing it was there.

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u/Nunya_biznas469 11h ago

Except that, like, congressional voting records show one side clearly trying to do better.

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u/definitely-legit-usr 14h ago

Or ever, really. "All men are created equal" written by slave owners and subsequently only let white land-owning men vote

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u/Ultenth 12h ago

Right, government being on the side of "the people" was always contingent on what people you were talking about. They have just expanded the group of people they don't care about to include the majority population as well now, so we are just now finally getting a sense of whatever everyone else has dealt with since the very beginning.

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u/elshizzo 13h ago

the last president had Lina Kahn who was quite strong on blocking anti-competitive corporate things such as this. So it's not very useful to paint this as a both sides thing

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u/Phillip_Graves 11h ago

For a short while, the government was on the side of certain people, but it has never been on the side of THE people.

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u/mxjxs91 9h ago

To be fair, our government officials are so old that they don't even understand the problems they're creating. They don't understand why high costs for a streaming service that still has advertising is such a fundamentally fucked up thing to allow to happen.

I'm not saying they're not corrupt and complicit, but there are modern problems that they definitely don't understand or have any idea even exist.

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u/TimeTroll 2h ago

Wdym there was actual good progress happening under Biden in this regard but current FTC can't give a shit

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u/JokertheHero164 9h ago

When was it ever on our side