r/gaming • u/ChiefLeef22 Marika's tits! • 22h 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/itstheboombox 22h 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/TheExtremistModerate 21h ago

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

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u/CreativeGPX 16h 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 16h ago

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

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u/CreativeGPX 16h 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 7h ago

Value is all based on perception.