Paramount Skydance (PSKY.O) is reportedly planning to maintain most of Warner Bros. Discovery (WBD.O)’s operations intact in the event of a merger, as CEO David Ellison seeks to keep creative teams from both studios while optimising marketing and distribution processes, according to a Bloomberg News report released on Monday.
As of now, Reuters has not been able to confirm this information, and neither company has responded to requests for comment.
Last week, Reuters reported that the Warner Bros. board rejected a nearly $60 billion acquisition offer from Paramount.
While there are no final decisions regarding the potential sale of real estate assets linked to either company, the Bloomberg report suggests that Ellison’s strategy includes merging Warner Bros’ HBO Max streaming service with Paramount+.
Additionally, there are currently no plans to sell or spin off the cable channels associated with either entity. However, it’s noted that Paramount’s CBS News may collaborate with Warner Bros.’ CNN to share resources.
Ellison is also looking to utilise emerging technologies and artificial intelligence to enhance production capabilities, aiming to produce 30 films annually across the combined organisation, as reported.
