Paramount and Warner Bros. Discovery Are Now Skydance. Here's Why I'd Rather Own Netflix.
The new massive media conglomerate has a lot to prove.
Overview
The media industry got a little smaller this week when Paramount Skydance completed its acquisition of Warner Bros. Discovery to form Skydance (NYSE: SKYD). For some time, it looked like Netflix (NASDAQ: NFLX) would acquire most of Warner Bros.' assets, but a competing bid from Paramount ultimately prevailed and cleared regulatory review and lawsuits brought by 12 state attorneys general and the Writers Guild of America.
The merger will make Skydance a formidable competitor in streaming with the potential to combine HBO Max with Paramount+ into a unified service. Despite the scale of Skydance's streaming and production capabilities and the breadth of its intellectual property portfolio, my money is still going to Netflix stock. Here's why.
Image source: Netflix.
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Originally published at www.fool.com.