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Paramount Pictures (PARA.US) is struggling to find acquisitions and revealing the difficulties of streaming companies' "survival by grouping together."
According to Zhītōng Cáijīng, Paramount Global (PARA.US) is in talks with other entertainment companies to merge its "Paramount+" streaming service with existing platforms. If an agreement is reached, it could initiate a wave of new streaming partnerships that could stabilize the entire media industry. According to insiders, Paramount Global's leadership is actively discussing with executives from other media and technology companies to determine whether the structure that Paramount+ may share with another streaming entity is meaningful to both sides. According to insiders, Warner Bros. Discovery Inc. (WBD.U)
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Paramount Talking Over Merging Streaming Service With Partner - CNBC