Paramount Global Is In Talks For A Streaming Merger

Paramount Global is currently in discussions with other entertainment companies about merging its Paramount+ streaming service with an existing platform. If successful, this could trigger a wave of similar partnerships across the media sector and strengthen the industry as a whole.

The leadership at Paramount Global is actively exploring potential structures for merging Paramount+ with another streaming entity, potentially leading to a co-owned platform. These discussions, which are private, involve various media and tech company executives.

Warner Bros Discovery Inc has shown interest in such a deal, which could strengthen both services by allowing them to better compete with Netflix Inc and Disney’s suite of platforms (Disney+, Hulu, and ESPN) for audience and future content.

Earlier this year, preliminary merger talks were held for a complete deal with Paramount Global, but these discussions did not progress.

Paramount Global is also considering a potential partnership with a technology platform, as revealed by the company's co-CEO Chris McCarthy at an employee town hall on June 25.

A merged streaming service could offer more diverse programming, reducing customer churn and potentially removing Paramount+ losses from Paramount Global’s balance sheet by introducing new ownership.

While the structure for a potential joint venture with Warner Bros. Discovery hasn't been discussed in detail, it is likely that ownership wouldn't be evenly split due to the current nature and finances of the streaming assets.

Max, Warner Bros. Discovery's direct-to-consumer business, boasts about 100 million global subscribers, with 52.7 million based in the U.S. Meanwhile, Paramount+ ended its first quarter with 71 million subscribers.

NBCUniversal, owned by Comcast Corp, has also shown interest in a joint venture with Paramount+. However, these discussions did not progress significantly.

Since late 2019, traditional media companies including Paramount Global, Disney, NBCUniversal, and Warner Bros. Discovery have all launched streaming services, resulting in billions of dollars in losses. The industry consensus suggests there are too many streaming services relative to the number of total paying customers.

If Paramount finalizes a joint venture with either Max or Peacock, it could put pressure on the remaining service to seek a similar deal.

Media companies are now focusing on better monetizing streaming content through bundles and partnerships. For example, Disney and Warner Bros. Discovery have recently become more willing to license some of their content to rival streaming services, such as Netflix, to better monetize shows that aren't adding a lot of new subscribers to their streaming services.

Kartoon Studios To Launch “Winnie-the-Pooh” Megabrand On Amazon Prime Video Alongside Nationwide Retail Program in Partnership with Alliance Entertainment

Kartoon Studios today announced its most ambitious project in the history of the company, Kartoon Studios’ “Winnie-the-Pooh.” Plans include an animated holiday movie, five holiday specials, and a four year/104 episode series, to premiere on Amazon Prime Video, via Kartoon Channel!’s subscription service on the platform. Concurrently, Alliance Entertainment (NASDAQ:AENT), a leading distributor of physical entertainment that supports major nationwide retailers, including Walmart, Target, Amazon and Barnes & Noble, will debut new merchandise through a nationwide retail program, in conjunction with Kartoon Studios rollout of a global consumer products campaign.

Kartoon Studios’ “Winnie-the-Pooh” is based on the designs and stories of one of the most successful brands of all time, A.A. Milne’s “Winnie-the-Pooh,” a property that has generated over $80 billion in sales over the last four decades and is estimated to currently generate $3-$6 billion per year for The Walt Disney Company. The total lifetime revenues exceed those of “Barbie,” “Harry Potter,” “Star Wars,” “Mickey Mouse,” “Peanuts,” “Ninja Turtles,” “Power Rangers,” “Marvel,” and almost every major brand in the world.

“Disney created an iconic and tremendously successful global brand with ‘Winnie-the-Pooh’ that we have all admired so much over many decades.  When the property went into the public domain, we knew we could only undertake creating Pooh for a new generation if we could bring a completely new, different and unique look that was contemporary, protectable, and gave voice to the characters and stories created by A.A. Milne, as has never been done,” said Kartoon Studios’ Chairman & CEO Andy Heyward. “We are thrilled to launch with Amazon Prime Video and Alliance Entertainment to deliver unique and  exceptional content, as we build out a new iteration of this entertainment brand and ‘Winnie-the-Pooh’-branded consumer products to the global marketplace.”

Pre-production has already begun on the animated holiday movie, set to premiere December 24, 2025, on Amazon Prime Video, through Kartoon Channel!’s subscription distribution agreement with them. Concurrently, the global retail program will kick off with the debut of products featuring an array of special features, distributed through Alliance Entertainment Corporation.

Kartoon Studios’ “Winnie-the-Pooh” animated content is being developed with a unique ‘yarn- based’ design and palette for the characters and backgrounds, along with original modern stories inspired by Milne’s beloved classic books. The beautifully imagined yarn gives the characters a depth and warmth.  Additionally, the stories will be told in a ‘Seussian style’ rhyme to provide an enriched dimension to the stories.

“In designing Kartoon Studios’ ‘Winnie-The-Pooh,’ we combined the best of both AI and human creativity to arrive at the unique look of the characters and backgrounds that could not have been imaginable prior to the advent of AI in our industry,” commented Heyward.  “Our use of our AI platform will enable us to bring a level of efficiency, speed-to-market, and creativity, to the production heretofore not possible,” said Heyward. “At a time when our world can be confusing for children, Pooh is an oasis of goodness, grounded in family, friendship, kindness, and love.  Those are the exact values our version of Pooh will showcase as we focus on building Kartoon Studios’ “Winnie-The-Pooh” into a long-term global megabrand, through which the simple and comforting values A.A. Milne originally imagined, will endure forever.”

Heyward added: “We think this is a generational opportunity to capitalize on one of the greatest properties ever created, with a proven track record.  Audiences around the world are demanding healthy, positive, family-friendly stories that will inspire and entertain kids, alongside a new line of products, from toys to books, videos to apparel, and more, that are steeped in these enriching values.”

The series is being financed through Joint Venture Production financing of $30 million provided by WTP SPV 1, a subsidiary of Catalyst Venture Partners.  It is non-dilutive, production financing.

Steven A. Horowitz, Sr. Managing Director  of WTP SPV and its parent company, Catalyst Venture Partners, stated: “We have committed to provide $30 million to the Special Purpose Joint Venture for this exciting new version of A.A. Milne’s ‘Winnie the Pooh’ from Kartoon Studios, which is non-dilutive to any of TOON’s existing stakeholders.  Being able to participate in a timeless and proven children’s classic such as Milne’s ‘Winnie-The-Pooh,’ through the production of original animated content and the licensing of consumer products from those proprietary character designs and stories, is a unique opportunity we are very excited about.  Andy Heyward and the team at Kartoon Studios have a long history of producing hit properties for children.  An all-star array of award-winning talent across development, production, marketing, consumer products, and distribution has been assembled to manage the brand launch, and we are excited to be a part of what we are confident will be a hugely profitable and enduring business.”

“Capitalizing on the enormous equity inherent in A.A. Milne’s ‘Winnie-The-Pooh,’ the unique designs and storytelling, as well as the production efficiency by harnessing AI, Kartoon Studios’ new iteration of the timeless brand will have an exceptional array of attributes that we believe can lead to extraordinary profitability for the company,” stated Heyward.    

Former Hawaii Five-O And Magnum Pi Star Taylor Willy Has Died

Wily’s death was confirmed by KITV 4 Island News in Hawaii. Musician Lina Girl Langi, who had been close friends of Wily and his loved ones, announced the news on her lifestyle show, “Island Life Live.”

“It is with a heavy heart that I share the news of the passing of a Hawaii celebrity who was also a family friend,” Langi shared on the broadcast on Thursday. “Taylor Wily, former wrestler, MMA fighter and actor passed away today in Hurricane, Utah.”

She added: “He would look physically menacing until you just folded right into a hug, and that was it. My heart is breaking.” 

Her co-host, Davey D, described Wily as one of the “kindest” and “gentlest souls.”

His cause of death has not been revealed.

Wily — whose real name was Teila Tuli — played Kamekona on the CBS drama for 171 episodes for 10 seasons between 2010 and 2020. He reprised his role for seven episodes in “Magnum P.I.”

Born in Honolulu, Hawaii, in 1968, Wily also appeared in the 2008 romantic comedy “Forgetting Sarah Marshall,” which starred Jason Segel, Kristen Bell and Paul Rudd. Other credits included “Radical,” “MacGyver,” “North Shore” and “Marker.”

Off-screen, Wily was a sumo wrestler under the name “Takamishu.”

According to TV Insider, he won his first 14 matches before becoming the first foreign-born wrestler to win the championship in the third-highest makushita division. In 2000, he lost to fighter Gerard Gordeau in the Ultimate Fighting Championship.

He is survived by his wife, Halona, and their two children.

Canal+ Increases Stake In Asian Streamer VIU To 36,8% With The Option To Get Majority Ownership

French media and telecom conglomerate Vivendi’s pay-TV unit Canal+ Group has increased its stake in Asian streamer Viu to 36.8 percent, the company said on Thursday.

“After satisfaction of key business milestones, Canal+ Group has released the last installment of its $300 million staggered investment,” it explained. “A further investment, at Canal+ election, could result in an increase of Canal+’s stake in Viu to 51 percent.”

The company didn’t immediately outline what would be needed for it to make such a decision to go for a majority stake in the Hong Kong-based video streamer. But it did highlight its interest in Asia. “This investment is a renewed testimony to Canal+’s commitment to develop Asia as one of the group’s growth engines and underlines Canal+’s confidence in Viu and its team.”

Canal+ first bought into Viu, led by CEO Janice Lee, in a June 2023 deal with Hong Kong telecom powerhouse PCCW Group, taking a 26.1 percent stake. As part of that deal, Canal+ secured the option of paying an additional sum to increase its stake to a 51 percent majority. 

Launched in 2015 with backing from PCCW, Viu’s video service offers both advertising and subscription-supported options in 16 territories in Asia, the Middle East and South Africa. When it unveiled the Canal+ deal last year, he company said it had more than 66 million monthly active users and 12 million paid subscribers, the bulk of which is believed to be based in Asia. Viu has specialized in licensing and producing original Korean content, but it also creates original content in Southeast Asian territories including Thailand, Indonesia and Malaysia.  

Canal+ has 26.4 million subscribers worldwide, including 17.1 million in Europe, 8.1 million in Africa and 1.2 million in the Asia-Pacific region. Beyond its investment in Viu, it is also the largest shareholder in African pay-TV giant MultiChoice and in Viaplay, the Scandinavian pay-TV and streaming company. Earlier this year, it also took a stake in leading Senegalese production company Marodi TV.

Totally Spies! Live-Action Series In The Works At Amazon

A live-action TV series based on the cult classic French cartoon “Totally Spies!” is in development at Amazon with Will Ferrell as executive producer.

Described as a YA adaptation of the long-running Banijay Kids animated show of the same name, the new “Totally Spies!” will follow iconic best friends Clover, Alex and Sam as they navigate saving the world as international spies, while trying to survive the ups and downs of first year college life.

No writer or talent is currently attached to the potential “Totally Spies!” series, which is a collaboration between Amazon MGM Studios and Banijay Kids & Family, shepherded by Amazon’s head of Pan-English original series Rola Bauer.

Executive producing the project alongside Ferrell, under their Gloria Sanchez Productions banner, are Jessica Elbaum and Alix Taylor. Banijay Kids & Family CEO Benoît Di Sabatino is executive producer for the studio.

Created by Vincent Chalvon-Demersay and David Michel, the original “Totally Spies!” has aired nearly 200 episodes since debuting in 2001 and spawned a prequel film, “Totally Spies! The Movie,” and a spinoff series, “The Amazing Spiez!” The show recently premiered its seventh season in France and will air in the U.S. on Cartoon Network later this year. “Totally Spies!” is currently streaming on Amazon’s Prime Video.

“’Totally Spies!’ is a huge success for Banijay Kids & Family, having been translated in 60 languages and sold to more than 220 territories,” Di Sabatino said. “With a social media base of 3 million, the series continues to thrive in its animation form with the recently launched 7th season. Rola Bauer approached me for a live-action adaptation, and we were thrilled to partner with Amazon MGM Studios. With her, Ludovic Attal, and Punit Matoo’s support, we are honoured to join such a stronghold of female-focused producers in Gloria Sanchez Productions to produce for Prime Video.”

“Will, Alix and I are thrilled to be joining our partners at Amazon and Banijay to bring ‘Totally Spies!’ to life as a live-action show,” Gloria Sanchez president Elbaum said. “Gloria Sanchez was originally founded to tell stories about complicated characters and empower female voices and storytellers. As longtime fans of the animated show, we couldn’t think of a story more fitting to our ethos. The themes of girl-power, never sacrificing friendship, fun, or your true self to be successful resonated with us then, and feel ripe to revisit now.”

Sanlam To Buy 60% Of MultiChoice's Insurance Business

Sanlam will buy a 60% stake in MultiChoice's insurance business for R1.2bn in cash up front and a potential performance-based earn-out of up to R1.5bn, the groups said on Tuesday.

MultiChoice, Africa's biggest pay-TV company, said while its insurance business has demonstrated substantial growth in South Africa, its ambition to expand locally and in Africa “requires a step-up in resources, expertise and technology”.

“Sanlam's extensive presence and expertise in the African continent, coupled with its track record of success in insurance ventures with non-insurers, positions it strongly for a strategic venture with MultiChoice,” the companies said in a joint statement.

The potential cash earn-out payment is contingent upon the total gross written premium generated by the insurance business for the year ending December 31 2026, they added.

A pre-acquisition dividend of R59m will also be declared by MultiChoice's insurance business.

Shares in Sanlam were up nearly 5% up on Tuesday morning, while MultiChoice inched up 0.36%.

MultiChoice will retain a 40% interest in the insurance business and 40% in the broader commercial venture with Sanlam.

The deal gives Sanlam an opportunity to further expand its insurance and financial services business in Africa, the companies said. Opportunities outside South Africa will be facilitated through its SanlamAllianz business.

MultiChoice has a subscriber base of 21-million households in 50 African countries, while Sanlam operates in 31 countries, including eight of the top 10 largest African economies.