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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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The Burning Questions Swirling Around the Early Warner Bros. Discovery-Paramount Global Merger Talks

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variety.com

Cynthia Littleton Business Editor Here we go again? Warner Bros. Discovery is flirting with the idea of acquiring Paramount Global.

If a deal involving the Redstone empire comes to fruition, it would mark another transformative mega-merger for Hollywood legacy brands, following on the heels of Disney’s acquisition of 21st Century Fox in 2019, AT&T’s difficult marriage with Time Warner in 2018 and the subsequent Discovery-WarnerMedia tie-up that closed in April 2022.

Sources caution that conversations are in the earliest of early stages – following a lunch meeting this week between WB Discovery CEO David Zaslav and Paramount Global’s Bob Bakish.

There’s no certainty that a deal will come to fruition, of course, especially as Paramount Global and its parent holding company National Amusements Inc.

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