What the Paramount-Warner deal means for you: Will OSN streaming price go up?

Paramount Skydance completed its acquisition of Warner Bros. Discovery on October 6, 2026, forming a new media giant called Skydance. The deal is valued at around $111 billion, including debt. After several twists and turns, Netflix's $83 billion offer was rejected, and Paramount Skydance raised its all-cash bid to $31 per share. The merger was approved by the US Department of Justice in June, with a federal judge approving a settlement with US states last week.

Skydance now controls major entertainment companies such as Warner Bros. Pictures, Paramount Pictures, HBO, CBS, CNN, MTV, Comedy Central, Discovery, TLC, Food Network, and HGTV. It also manages two streaming services, HBO Max and Paramount+. In the UAE, HBO content is exclusively available through OSN+ and OSNtv, as OSN holds an exclusive multi-year deal to broadcast HBO programming in the Middle East and North Africa.

As for streaming prices, Skydance has not announced any changes, although analysts predict a merged service to cost more than HBO Max or Paramount+ individually. In the UAE, HBO shows currently stream on OSN+, and any price adjustments would depend on OSN's licensing agreement with Skydance. The company has stated that their content pipeline remains unchanged and that they will continue to deliver value to OSN+ subscribers.