Former Disney exec Kevin Mayer, who oversaw his former employer’s 2019 acquisition of 20th Century Fox, has shared his thoughts on the Paramount-Warner Bros merger.
The pragmatic exec, who has been co-CEO of Blackstone-backed media company Candle Media since 2021, told a panel at the Zurich Summit this weekend that consolidation in the media and entertainment sector was inevitable in a period of declining revenues.
“If we’re going to be intellectually honest about answering this question, you have to also ask yourself, what would happen if the merger didn’t happen,” he said in a response to a question on
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