Apple (APPLE) and Paramount (PARA) have reportedly held talks about potentially bundling their streaming platforms as a combined offering according to The Wall Street Journal. The proposed Apple TV+/Paramount+ combo service would likely be more affordable than having the two services separately. Yahoo Finance's Seana Smith and Bradley Smith discuss how the rising costs of streaming services is likely prompting this potential Apple-Paramount pact and examine the benefits for both media giants if such a bundled offering materializes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A potential collaboration with a major tech company sent Paramount Global's (NASDAQ: PARA) stock skyward on the last trading day of the week. Friday morning, The Wall Street Journal reported that Paramount and Apple (NASDAQ: AAPL) are in talks about bundling their video streaming services together. Citing unnamed "people familiar with the discussions," the newspaper said that a bundle of Paramount+ and Apple TV+ might end up being priced lower than the current charges for both services individually.
The two companies are reportedly exploring the possibility of offering their streamers at a discount to subscribers, reports say.