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Skydance Paramaount Prepares for Discovery Warner Bros.

Paramount Skydance Hires Bank to prepare an application for Discovery Warner Bros.

Paramount Skydance Works with an investment bank because it is preparing an offer Opening Warner Bros.According to people, familiar with this question.

According to people acquaintance with this issue, Warner Bros. Discovery has not yet received an offer that made anonymity to discuss non -public transactions. The application may come next week, according to David Faber CNBC.

Stock Warner Bros. Discovery closed on Thursday at $ 16.15, or more than 28% – the best day of stock. Company shares have grown after the initial report The Wall Street Journal that recently united Paramount Skydance Prepared for the absorption application.

Representatives Paramount and Warner Bros. Discovery refused to comment.

Paramount Skydance shares closed about 15%.

Recently Warner Bros. Discovery announced It is planned to separate your world business network from its streaming business and studios. The magazine reported Thursday that Paramount Skydance would be a proposal for all difficult WBDs.

Earlier this week, WBD CEO David sent out at the investor conference that the planned branch is likely to be completed by April. Streaming and studio assets will be renamed Warner Bros., while Global TV Networks Business – which will own a set of paid television networks, including TNT and CNN – Discovery Global.

While WBD executives stated in June that each company would be “free and understandable” to make deals after the split, the application before separation should be for the whole company, one of the people said.

Media moves

David Ellison, CEO of Media Skydance Media, participates in the 81st annual Golden Globe award at Bverley Hilton on January 7, 2024 in Bverly -Hills, California.

Kevin Winter | Hollywood reporter Gets the image

The media -industry moves to transformation as the streaming transfer has overcome the Pay TV package, a long -standing cash cow for television and entertainment companies.

Merger between Skydance Paramount and Warner Bros. Discovery would create a media -stubborn media portfolio of paid television networks, a wide range of sports rights and two major film studios.

Paramount Skydance owns CBS broadcaster as well as pay television networks such as Bet, MTV and Nickelodeon, as well as the transmission of the Service Paramount+. His film studio is known for films as “Godfather”, “Top Gun” and “Forrest Gump”.

With the exception of the television network, WBD has similar assets – the result of its own merger In 2022 between WarnerMedia and the opening. Companies include networks such as CNN and TNT, as well as HBO and Serving Service HBO MAX. Its film studio Warner Bros. It also has historical results and belongs to intellectual property for the franchise such as “Harry Potter”, DC Comics and “Lord of Rings”.

Both companies have a long list of basic sports rights, the content of the brand for all traditional television and streaming platforms. The merger would put like NFL, MLB, Football and Basketball College, as well as other major sports under one roof.

Media managers and experts await Consolidation can come to the branch.

For some time, he said publicly that the media companies should consolidate. During the call in November, soon after that Donald Trump He was elected president and sent that the new administration could lead to more transactions.

However, in recent months, some media companies have moved to separation. At the end of last year, Podst announced his nbcuniversal would be rotate Its paid television networks, which include CNBC and MSNBC, into a separate, publicly trade organization. A few months later, WBD announced that he would take the same step.

Paramount Skydance is the result of a merger by $ 8 billion, which was announced last year and received Approval of the normative law will advance in August after a long delay.

The Federal Communications Commission cleaned the way to merge within a few weeks after Paramount agreed to pay Trump $ 16 million to resolve the claim he filed against the company editing at 60 minutes CBS with former Vice President Kamala Harris.

At the time of Deal’s approval, the chairman of the FCC Brandan Carr said in a statement that he welcomed “Skydance’s commitment to make significant changes in CBS broadcasting.”

The company seeks to reduce more than $ 2 billion, and the dismissal is expected to continue. Last week Paramount Skydance sent recovery For their employees, they say they had to return to the office five days a week in the new year or to seek ransom.

Much has changed after the merger supported by Redbird Capital Partners. The company has made many deals led by David Ellison, son Oracle Founder and multimillionaire Larry Ellison, including the acquisition of US rights Who is the group ‘S UFC for seven years since 2026.

Larry Alison’s Wednesday became More than $ 100 billion richer After the Oracle software, the growth forecasts, which dramatically raised the company’s shares.

Disclosure: Comcast – Parental Company NBCuniversal and CNBC.

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