Paramount Skydance is preparing an official bid to acquire Warner Bros Discovery. The two giant studios could come together, and this move could change the balance of Hollywood. According to economists’ compilation, Oracle co-founder Larry Ellison briefly entered the ranks of the world’s wealthiest this week; Oracle’s contracted sales attracted attention, reaching $500 billion. Ellison’s closeness to Trump is also among the discussed topics.
Skydance, managed by David Ellison, came into the spotlight with an offer for Warner Bros Discovery shortly after the merger process with Paramount was completed. According to a report by The Wall Street Journal, no official proposal has been made yet; it remains uncertain whether the plan will materialize.
Following the news, market activity increased. Warner Bros Discovery stocks gained about 29% on Thursday, while Paramount Skydance stocks closed with an increase of approximately 16%. The bid news came a few weeks after Skydance’s purchase of Paramount Global for $8.4 billion. This step indicates a potential merger that could unite well-known entertainment brands under one umbrella.
According to BBC, the bid involves a broad work plan that includes CNN news network, HBO, and the film studio behind movies like Barbie and Harry Potter. Paramount hosts major brands such as Star Trek, Transformers, SpongeBob SquarePants, Teenage Mutant Ninja Turtles, Paw Patrol, Scream, and Mission Impossible. CNBC reports that it also includes rights beyond Sonic the Hedgehog, such as Call of Duty rights and the distribution rights for Legendary’s Street Fighter adaptation.
Warner Bros. Discovery boasts a massive library including the DC universe, The Lord of the Rings, Game of Thrones, and Harry Potter. Additionally, they handle distribution rights for classic productions like Scooby-Doo, Looney Tunes, Tom and Jerry, as well as the Dune series and Godzilla vs. King Kong films. Last year, Warner Bros. Discovery was the second-highest grossing studio worldwide, while Paramount ranked fifth.
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