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There are rumors of a potential merger between Warner Bros. Discovery and Paramount Global. This merger could bring together two smaller players in television and streaming, but it may not be a win-win situation. Warner Bros. Discovery has around 95 million subscribers, while Paramount Plus has about 60 million. However, even if they combine their subscribers, they still won't reach the scale of Netflix, which has over 200 million subscribers. Both companies also carry significant debt and have exposure to linear television, which is facing challenges due to cord-cutting. While there could be cost-cutting efficiencies, the potential merger is not seen as a strong move in the industry.