01 Feb How Netflix May Impact the Next Big Media Merger [The Hollywood Reporter]
By Paul Bond
January 31, 2109 | Discovery says it isn’t interested in selling to CBS, or linking up with CBS and Viacom should those two eventually merge. But some analysts are saying that it’s something all three media companies should consider. Meanwhile, insiders speculate that Netflix may be in the mix because it might want a piece of Paramount, owned by Viacom.
Netflix is a $149 billion company and could easily afford to purchase all or part of Paramount via its rich stock, but Jimmy Schaeffler of the Carmel Group thinks Netflix would be wise to buy all of Viacom — valued north of $12 billion — including MTV, Comedy Central, Nickelodeon, BET and Spike TV.
Read more on The Hollywood Reporter.