Reported 12 months ago
Barry Diller's IAC is exploring a bid to take control of Paramount Global, after talks between Skydance Media and Paramount collapsed. Paramount is now in discussions with various media and tech companies, including Warner Bros Discovery, to potentially merge its streaming platform Paramount+ with another streaming entity. Concerns about market saturation have prompted media companies to consider bundling their streaming services to attract customers. Paramount has over 71 million subscribers, significantly fewer than Netflix and Warner.
Source: YAHOO