07:11 AM EDT, 07/02/2024 (MT Newswires) -- Warner Bros. Discovery ( WBD ) has expressed its interest in a streaming deal with Paramount Global ( PARAA ) , as the latter holds discussions with entertainment companies to potentially merge its streaming service, CNBC reported Monday, citing unnamed people familiar with the matter.

According to the report, Paramount executives are in talks with media and tech companies to check the feasibility of co-owning a merged version of its streaming platform, Paramount+ and another streaming entity.

A structure for a potential joint venture with Warner has not been discussed in detail but it would not likely be a 50-50 split in ownership given the existing status of their streaming assets and finances, sources told CNBC.

Earlier this year, Warner and Paramount held preliminary talks for a potential merger but those talks did not push through, the report said.

Paramount is also considering a partnership with a technology platform, CNBC reported, citing co-CEO Chris McCarthy during an employee town hall in June.

Neither Warner nor Paramount immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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