Reported about 1 year ago
Paramount is reportedly seeking to merge its Paramount+ streaming service with another platform after failed merger talks in 2024. Industry analysts believe that consolidation is necessary for streaming companies to scale and become profitable, with suggestions that Paramount+ could potentially partner with Warner Bros. Discovery or Max. The streaming industry has seen significant losses in recent years, making it crucial for companies to find sustainable solutions like bundling services to retain customers and generate revenue. Experts emphasize that while consolidation is needed, it will not lead to monopolies and will ultimately benefit the sector by enhancing competition and ensuring long-term sustainability.
Source: YAHOO