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On Monday, Ross Gerber raised red flags over a reported $24 billion Gulf-backed investment fueling the proposed merger between Paramount Skydance Corp. (NASDAQ:PSKY) and Warner Bros. Discovery Inc. (NASDAQ:WBD).
Gerber Calls Out Hollywood Investment Cycle
Gerber took to X, warning that “in every generation” Hollywood attracts a new wave of investors who may underestimate the risks of the entertainment business.
His remarks came in response to The Hollywood Reporter’s report that Gulf sovereign wealth funds are backing the massive deal, which could reshape the media landscape.
$24 Billion Gulf Funding Behind $110 Billion Megamerger
The proposed $110 billion tie-up between Paramount and Warner …
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