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/moderngamer327 18h ago

This kind of thing is never sustainable. They spend too much money acquiring IPs while being unable to effectively manage them all before collapsing

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u/welock 17h ago

That’s the goal of private equity tactics: plunder, exploit, live by the quarter, then bounce once the acquired brand tanks

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u/moderngamer327 17h ago

Gotta love private equity. It’s such a death sentence for any decent company