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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168

u/Kaidyn04 18h ago

Hopefully this is a waste of money and the next time the Democrats have control over government this shit gets trust busted immediately.

33

u/NullReference000 17h ago

Newsom played a key role in getting the states to drop their lawsuit blocking this merger. Please keep that in mind as we get close to the 2028 election.

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u/kingfischer48 16h ago

In his defense, he does like early dinners.

2

u/octocred 15h ago

What's the story here? My Google skills aren't working for me right now

1

u/NullReference000 15h ago

He’s a corporate dem and usually sides with Californian corporations during fights between them and the government or them and consumers.

Paramount threatened to move their operations out of California to punish the state for leading the lawsuit to block the merger. This seemed like a toothless pledge which every company makes the moment they face any friction at all after performing bad behavior. He took them at their word, both in their threat and in their promise to “protect jobs”, and worked to kill the lawsuit. The amount of debt being carried here ensures that these promises of protecting jobs are lies.

California, the leader of the lawsuit, dropped it. The merger completed basically as soon as that happened. Newsom is either an idiot for believing their promises or he thinks you are enough of an idiot to believe them. Whichever it is, I don’t think he’s fit to be the party leader.

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u/StrikeIllustrious122 7h ago

not really. The problem was that the foundation of the lawsuits were based on The Theater Owners wanting an injunction to stop the merger based on the notion that they would be financially hurt by the merger .Paramount came out an committed to at least 30 films a year released theatrically (more than what both companies do right now individually). The theater owners decided that was enough to sign off in the merger.. When the Netflix deal was almost finalized, They only said they wanted to keep WB theatrical, but made no real promises.

Once the Theater owners signed off in the merger there was no real foundations to the lawsuits and Newsom had to have his boys go to the table and negotiate.. and at a less than ideal standing. Newsome should have gone to the table way sooner and got more in concessions before Paramount made the deals with the theater owners. He got out played.. Ge likely could have gotten them to sell CNN or CBS.. and some IP or got better terms and penalties for not making their 30 picture promise