Hollywood’s two biggest entertainment giants, Paramount and Warner Bros. Discovery, are in merger talks that could create the largest media company in the US. A deal would combine their streaming services, TV networks, and movie studios, giving them a strong position against Disney, Netflix, and Amazon.com. The potential union has investors excited, with shares of both companies rising significantly.
Source: https://www.wsj.com/business/media/paramount-warner-discovery-deal-charts-71f95b3a