IAC, led by billionaire Barry Diller, is reportedly considering the acquisition of Paramount, a move drawing parallels to his 1990s attempt to acquire the company. This follows significant changes at Paramount, including the recent departure of its CEO and several board members, as well as failed negotiations with Skydance. Despite these events, Paramount’s stock has experienced some growth. A key challenge remains with Paramount Plus, the company’s streaming service, which currently operates at a loss. However, a potential merger with Warner Brothers Discovery could strengthen its market position against competitors like Netflix and Disney Plus. Barry Diller’s deep-rooted history with Paramount, dating back to 1974, adds a personal dimension to this potential acquisition. The broader trend of media consolidation continues to shape the landscape, with this prospective deal potentially determining the future of Paramount Plus and its parent company, Paramount Global.

Media & Entertainment, Streaming Services,United States