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Paramount–WBD Deal Could Unite Streaming Giants Under One App

By  |  November 29, 2025

A future where Paramount becomes the new owner of Warner Bros. Discovery may soon reshape the streaming landscape in a dramatic way. As discussions surrounding the potential Paramount–Skydance and WBD merger intensify, analysts are already considering what such a deal could mean for audiences and the companies’ digital platforms. According to IMDB, both studios possess extensive libraries and long-established brands that have been evolving to meet streaming demand.

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    One of the biggest lingering questions concerns the fate of Paramount+ and HBO Max, two services that have slowly carved out their own places in a crowded market. Per IMDB, these platforms are viewed internally as essential business pillars and are central to any future strategic decisions for the combined company.

    A recent report from Bloomberg suggests that Paramount Skydance CEO David Ellison envisions a single, consolidated streaming home. Instead of building an entirely new app, the plan reportedly under consideration would involve folding HBO Max into Paramount+. Ellison has expressed confidence that this strategy “will allow more people to see the work of film and TV show creators.” He is also said to believe that adding Warner Bros.’ deep catalogue could make Paramount+ far more competitive in the streaming wars.

    Read more: Warner Bros. Discovery Draws Early Bids as Streaming Shake-Up Accelerates

    The report further indicates that Paramount would continue to maintain a strong presence in traditional television. There are currently no intentions to sell off prominent cable assets from either side of the merger. Additionally, sources claim Warner Bros. Discovery’s CNN division might benefit from collaboration with Paramount’s CBS News operation, potentially sharing resources across the unified company.

    With major franchises, iconic networks, and two established streaming brands in play, the entertainment world is watching closely.