Can Paramount Achieve Its Goals Without Warner Bros. Discovery?

Paramount Skydance Corp. reported its fourth-quarter earnings, showcasing a 2% increase in revenue to $8.15 billion, despite facing headwinds in its linear TV business. The company's streaming subscribers also inched up, but losses widened to 52 cents per share, compared to a loss of 31 cents in the same period last year.

As Paramount navigates these challenges, it is simultaneously pursuing a megadeal with Warner Bros. Discovery, which it believes would be a significant boost to its growth trajectory. In a letter to investors, CEO David Ellison stated that Warner Bros. Discovery would be an "accelerant" to achieving the company's goals. The proposed deal has sparked investor interest, with many wondering if Paramount can achieve its objectives without the support of Warner Bros. Discovery.

Meanwhile, in the world of entertainment, Imax reported a surge in revenue and operating earnings, driven by the success of "Avatar: Fire and Ash." The company posted its best-ever $1.28 billion global box office haul in 2025 and anticipates this number will grow to $1.4 billion this year. This success is a testament to the enduring power of cinematic experiences, even as the streaming landscape continues to evolve.

In other news, Berlin Film Festival director Tricia Tuttle has received support from German and European filmmakers amid reports that she may be fired following a political backlash over pro-Palestinian speeches at the Berlinale awards ceremony. The German film academy wrote an open letter stating that an international film festival is a "democratic cultural space worthy of protection" and that its strength lies in its ability to hold divergent perspectives and give visibility to a plurality of voices.

In a separate development, comedian Nate Bargatze has taken on a new role as a game show host, challenging Jimmy Kimmel to name as many Huey Lewis and The News songs as possible in 60 seconds. While this lighthearted moment may seem unrelated to the world of entertainment finance, it serves as a reminder of the diverse and ever-changing landscape of the industry.

As Paramount continues to navigate its pursuit of Warner Bros. Discovery, it remains to be seen whether the company can achieve its goals without the support of the streaming giant. One thing is certain, however: the entertainment industry is full of unexpected twists and turns, and only time will tell what the future holds for these major players.