This doesn’t necessarily equate to long-term strength and leverage in the marketplace.
Ask Netflix why. Over the last decade it has been able to outwit the big legacy TV-movie-based media companies -- that have merged or transitioned -- at their own game: offering consumers lots of different “quality” TV shows.
Netflix helped promote a new way for consumers to access many new and library TV series and movie content without the need for “channels,” fancy high-cost "cable TV bundles," and all the rest.
Netflix, for all intents and purposes, has won this game at least for the near term.
With their backs against the wall, Warner Bros. Discovery and Paramount Global are now reportedly in talks for a possible merger.
Learn more: https://www.mediapost.com/publications/article/392110/another-possible-merger...
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