The continuance of Paramount+ as a standalone streamer is entirely dependent on the delay of the merger. I would take anything the current management says with a certain amount of skepticism as they are having to carry on while the antitrust challenge is ongoing.

Ellison has been transparent that he is looking to consolidate the WB and Paramount streamers or at minimum restructure and retarget their content and audiences. He’s looking for synergies and in his justifications to investors regarding the merger, he’s specifically cited the intention for Paramount and WB to use Skydance’s animation studios.

I actually wonder in hindsight to what degree Paramount and Nickelodeon proactively shut down renewals with animation houses in anticipation of a deal with Skydance.