As a result, the number of giant studios operating in Hollywood is decreasing. Moreover, this number will soon decrease again. Because Paramount management also decided to sell the studio. In fact, it has been negotiating with potential buyers for a while for this purpose.
Previously Warner Bros. and Skydance were interested in Paramount, but negotiations between the parties stalled at some point. The latest news shows that Sony is now interested in Paramount. Sony Pictures Entertainment CEO Tony Vinciquerra joined forces with the investment firm Apollo Global Management to acquire Paramount. Although a clear offer has not been presented yet, it is expected that the negotiations between the parties will become more concrete in the coming days.
If Sony acquires Paramount, it can suddenly become assertive in the digital platform field. Sony does not currently have a large-scale digital platform like Disney+. However, as a well-established studio, it has a significant content library. If it acquires Paramount+, which has approximately 70 million subscribers, it can instantly turn Paramount+ into a much more attractive platform by adding its own content there.
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