Paramount is acquiring Warner Bros. Discovery after beating Netflix’s purchase offer, and CEO David Ellison just shared what that means for the companies’ two streaming platforms: HBO Max and Paramount+.
Paramount CEO announces plans for HBO Max integration after Warner Bros acquisition closes
Last week in a major shift in the Hollywood landscape, Netflix dropped its pursuit of Warner Bros. Discovery, leaving Paramount Skydance as the winning bidder.
Netflix struck a deal with WBD back in early December to acquire the company, minus its linear TV assets, for about $83 billion.
But Paramount continued making the case for its own proposals, and this past week it finally sweetened the offer enough to be accepted by WBD. Netflix was expected to counter, but instead it dropped out of the race altogether.
