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Paramount Makes Hostile Bid for Warner Bros. at $30 a Share, despite Netflix deal
(ir.paramount.com)
this post was submitted on 08 Dec 2025
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Do all the options really involve greater market concentration? Are there no outside companies interested in diversifying?
No one really wants (to simplify) aging cable channels, HBO, and Harry Potter unless they can leverage them somehow.
Netflix can fold them into their streaming and presumably cut a lot of redundancy.
Comcast already owns the Harry Potter parks and cable channels. They very much need the prestige of the HBO brand.
Paramount is freshly flush with cash and presumably just trying to just grab market share to stand a fighting chance.
But… outside companies can’t really use it as well. What would (for example) Sony do with all that?
There are lots of examples of companies declining to consolidate and going on to succeed, and lots of examples where companies consolidate and it's a disaster (two prior examples for WB alone!). But only one yields a $500 million payout for the CEO.