Dealmakers: Paramount-WBD merger proves ‘tech has won’ in media
Deadline’s Dade Hayes reports that at the FT Business of Entertainment Summit, Simpson Thacher partner David Hernand called the $110 billion Paramount-WBD deal evidence that “tech has won,” with distribution now dominated by tech giants.
Why it matters. Apollo’s stake means traditional media consolidation now has private-equity capital betting against Big Tech’s distribution advantage.
Signal from deadline.com · Dade Hayes · read the original.
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