Media Mergers: A Shake-Up in the Entertainment World

The entertainment world is buzzing with news that could change the landscape of major media companies. Warner Bros. Discovery's stock shot up by over 25% after reports surfaced that Paramount Skydance might be planning to make an offer. This news comes as a surprise to many, especially since Warner Bros. Discovery hasn't received any formal bid yet. Paramount Skydance, which recently merged, is reportedly working with an investment bank to prepare an offer. This move comes just a few months after their own merger, which was delayed for a long time. The company has been quite active in making deals under the leadership of David Ellison, son of billionaire Larry Ellison.Warner Bros. Discovery has been making big changes too. They recently announced plans to split their global TV networks from their streaming and studio businesses. The streaming and studio part will keep the name Warner Bros. , while the TV networks, including TNT and CNN, will be called Discovery Global. This split is expected to be done by April, according to WBD CEO David Zaslav. The media industry is going through a big shift. Streaming services have changed the game, and traditional pay TV is no longer the big money-maker it used to be. Companies like Warner Bros. Discovery and Comcast are separating their pay TV businesses, and many think more mergers are on the horizon. Shares of Paramount Skydance also went up by about 8% in the afternoon. Both Paramount and Warner Bros. Discovery declined to comment on the reports.