Sony merging with Paramount Plus could be bad news for Netflix – here’s why

How’s this for a plot twist? Just as it looked like a merger between Paramount and Skydance was nearing a deal after one fell through with Warner Bros. Discovery in late 2023, a new potential buyer has emerged – and it’s a very, very significant one. According to The New York Times [paywall], Sony Pictures Entertainment is considering bidding as part of a partnership with Apollo Global Management. 

This could be a very big deal, and potentially very bad news for the best streaming services. Sony exited the streaming business in 2019 when it sold off its free streamer Crackle but its possible return could be bad news for the likes of Netflix in particular.

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