Paramount: How a Dead Studio Ate Warner Brothers for $111B

📩 Stay ahead of bankruptcies, distressed debt, and leveraged finance — subscribe to the newsletter: https://www.junkbondinvestor.com/ Paramount spent a century building Hollywood's most iconic brand. Then it mortgaged the mountain. From a junk credit rating and an 80% dividend slash to a $111 billion hostile takeover of Warner Bros. Discovery — this is the full story of how a legacy studio went from survival mode to one of the biggest media bets in history. The Skydance merger, the Redstone family exit, the bidding war with Netflix, the South Park deal, the Trump lawsuit — it's all here. The deal was formally signed on February 27, 2026, setting the stage for one of the most consequential media mergers in recent history. NBC News Whether it saves Paramount or buries it is still anyone's guess. ----------------------------------------------------------- Paramount Warner Bros Discovery Skydance David Ellison Netflix Shari Redstone $111 billion merger Hollywood merger streaming wars Paramount+ HBO Max CBS News CNN junk credit rating hostile takeover media consolidation South Park deal Trump lawsuit Larry Ellison David Zaslav layoffs legacy media streaming collapse Hollywood debt Larry Ellison