Merger talks between Warner Bros. Discovery and Paramount
According to various media reports, Warner Bros Discovery and Paramount Global are in early talks about a merger.
The merger would bring together two of the "Big Five" studios in Hollywood.
The success of streaming services has meant that traditional media companies have had to invest quickly to keep up with streaming giants such as Netflix, Amazon Video and Apple TV.
Both Warner and Paramount have had to cut costs to compensate for the losses caused by streaming. According to media reports, the companies are said to be discussing how the two companies' main streaming services, Paramount Plus and Max, could be merged to counter their rivals.
It is assumed that the talks are still at an early stage and that a deal may not be concluded.