Paramount and Warner are about to become a single company: what can really change for streaming in Spain
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Paramount and Warner are one step away from merging. We analyze what can truly change in Spain for HBO Max, SkyShowtime, and Paramount's catalog now. Paramount and Warner Bros. Discovery are closer than ever to becoming a single company, but as of September 28, 2026, the acquisition has not yet closed. This is an important nuance for anyone who currently has an HBO Max or SkyShowtime subscription. The agreement reached by Paramount with California and eleven other states has removed one of the biggest obstacles to a deal valued at 110 billion dollars in enterprise value, but federal judge Araceli Martínez-Olguín decided on September 24 not to immediately approve the pact and requested additional information. Paramount was even more explicit when communicating to the SEC on the 25th that closing conditions still exist and that the definitive date for the merger is not yet certain. For Spain, however, the truly interesting question begins afterwards.David Ellison has already said that Paramount intends to bring HBO Max and Paramount+ together, and the company estimates more than 6 billion dollars in synergies, including the consolidation of their streaming technology infrastructures. The problem is that the Spanish market does not have two applications that can simply merge: Paramount+ does not operate here as an independent service, and a good part of its content arrives via...
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