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Paramount's David Ellison said that the acquisition of Warner Bros. Discovery is beneficial to competition and consumers. In an interview with CNBC, Paramount's CEO David Ellison said that the acquisition of Warner Bros. Discovery will benefit competition, consumers, and the creative economy. Ellison said, "We firmly believe that we can create value here." He stated that merging Warner Bros. and Paramount's content libraries, as well as combining Paramount Plus with HBO Max, will allow the merged company to compete and succeed in both content and streaming. Ellison added that achieving the expected cash flow from the $6 billion synergies through the merger means that Paramount's content spending will exceed that of any competitor.
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