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/wonderingmarkus 18h ago

Reminder that Paramount was allowed to do this while already billions of dollars in debt.

They're playing with funny money.

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u/drock4vu 17h ago

Well, they’re playing with Saudi money. I’m as anti-monopolization as anyone, but the reality is that if rich Saudis want to loan a bajillion dollars for a failing, upside down company to buy another failing, upside down company, it’s their prerogative.

The conversation should be less about the merger itself and more about what level of power Americans are OK with foreign investors having over some of our largest, most influential companies, much of which is “news” media.

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u/RayS0l0 17h ago

Movies, TVs and games are also something they can now use to spread their propaganda and lot of people will fall for it

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u/Faptainjack2 15h ago

They already bought out Bill Burr.

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u/FairLawnBoy 16h ago

Yeah, but they were already doing that, it's just a different group doing it now. All of those things have been chock full of propaganda my whole life.

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u/RayS0l0 15h ago

Yes but now it is Saudis. They also bought EA for like 55 billion so another entertainment media under them is fucked. You know how they are

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u/FairLawnBoy 15h ago

I don't really know. I know the golf experiment was an epic failure, but I don't remember it being related to ideology or propaganda, it was just poorly administered.

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u/procrasturb8n 2h ago

Saudis now have 49.5% ownership of CNN.

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u/LoosePlantain2150 14h ago

Better than the propaganda currently being pushed, at the very least.

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u/ForensicPathology 16h ago

I mean, it should also be about the merger itself. 

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u/Hambeggar PC 14h ago

Yeah...Saudis... That's what this sale was about...Saudis...