Paramount Skydance’s Q2 report shows mixed results: revenue rose 1% to $6.91 billion, narrowly beating expectations, but profits tanked to just $41 million—far below the $109 million analysts predicted. The big story remains their $11 billion bid for Warner Bros. Discovery, with CEO David Ellison defiantly pushing ahead despite a March antitrust trial looming. While they’re open to negotiation, they’re also prepared to fight in court. On the bright side, streaming surged 9% to nearly $2.5 billion thanks to hits like “Yellowstone” and major sports events, adding 2 million subscribers to reach 81 million total—and they’ve unified their platforms for better promotion. Studio sales jumped to $1.3 billion, though theatrical releases lagged. TV division (CBS, Comedy Central) saw a 9% revenue drop. With a dozen states challenging the merger and a pause until 2027, Ellison insists concerns are exaggerated and CNN will remain independent if the deal closes.
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