Paramount and Peacock Merger Could Create New Streaming Threat to Netflix
• Media company Paramount (NASDAQ PARA) could become a real threat if it merges with Comcast's (NASDAQ CMCSA) Peacock streaming service • Citi analyst thinks a Paramount + Peacock merger could compete with Netflix (NASDAQ NFLX) • Streaming services are increasingly bundling together, similar to traditional cable packages • Linear TV continues to decline, with cable customer counts down 13% in 2023 in Michigan • Wall Street analysts have a Moderate Sell rating on Paramount stock (PARA) with a $14.58 average price target