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Discovery+ subscription prices rose by up to 20 percent, with ad-free plans moving from $10 to $12 per month, shortly after Paramount Skydance completed its merger with Warner Bros. Discovery.
Discovery Plus is raising prices on both its ad-supported ($6.99/month) and ad-free ($11.99/month) plans, weeks after Paramount completed its acquisition of Warner Bros. Discovery and announced plans to eventually merge Paramount Plus and HBO Max.
Paramount Pictures is developing a live-action film adaptation of CD Projekt Red's Cyberpunk 2077, with Transformers producer Lorenzo di Bonaventura attached, though no release date has been announced yet.
Paramount Skydance, created from the completed $111B merger with Warner Bros. Discovery, announced that HBO Max, Paramount+, and Discovery+ will eventually unify into a single streaming service, replacing earlier speculation about a Disney-style bundle.
After winning the $81 billion bidding war for Warner Bros. Discovery, Paramount CEO David Ellison—son of Oracle co-founder Larry Ellison—now faces the real test of successfully integrating this massive deal.
Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined company called Skydance led by David Ellison and Ynon Kreiz, putting major studios, networks, and streaming brands like HBO, CBS News, and CNN under one roof after settling antitrust suits from 12 states.
A tweet suggests replacing Paramount with Grok Imagine, referencing a discussion where Paramount executives have considered asking Elon Musk for an equity investment in the studio.
Paramount must release at least 30 movies annually after merging with Warner Bros. Discovery to meet settlement quotas and avoid penalties. This requirement aims to protect industry jobs but may be challenging given recent film output levels.
The FCC has approved Paramount's plan to sell a 49.5% equity stake to sovereign wealth funds from Saudi Arabia, the UAE, and Qatar, raising concerns about foreign influence over US media.
FCC commissioners Olivia Trusty and Brendan Carr accepted expensive tickets and gifts from Paramount while the company sought FCC approval for mergers, raising significant conflict-of-interest concerns according to ethics experts.
The UK government is likely to intervene in Paramount's $111 billion takeover of Warner Bros. Discovery, citing concerns about media plurality and ownership in the UK.
The US Department of Justice approved the Paramount/Warner Bros. merger, surprising its own lawyers, but multiple US states and the EU are planning legal challenges.
Paramount accuses Netflix of waging a 'scorched-earth campaign' against the proposed Paramount-WBD merger, citing regulatory filings and labor union concerns. The merger is expected to result in job losses and over $79 billion in debt, while Paramount claims it will increase content production.