Warner Bros Discovery and Paramount Enter Discussions for Potential Merger

According to various media reports, Warner Bros Discovery and Paramount Global are currently engaged in preliminary discussions to merge. This potential deal would involve the collaboration between HBO channels and CNN, which are owned by Warner Bros Discovery, and Paramount Global, the studio known for producing Mission Impossible films and CBS News. The CEO of Warner Bros, David Zaslav, and Paramount CEO Bob Bakish recently had a lunch meeting in New York to explore the possibility of a merger, as initially reported by Axios. It is worth noting that these talks are still in the early stages, and there is a chance that a deal may not be finalized, according to sources cited by the FT.