Ginormo-indies, Netflix Loses WBD, BBC Fights Back

All3Media and Banijay have merged to create an eight-billion-dollar independent production giant - and there are whispers that ITV Studios could be next on the menu. Media writer Tara Conlan takes stock.

Also: Paramount Skydance beats Netflix in a marathon bidding war for Warner Bros Discovery. It's the biggest media merger in history - and the debt pile to match. Former Media Leader editor and now consultant Omar Oakes crunches the numbers.

All that plus: News Corp reveals its two-word AI strategy. The BBC publishes its charter wishlist. And in the Audio Network Media Quiz, we put your bluffing skills to the test.

The Media Quiz is sponsored by Audio Network. Alex selects the music for us to score each episode and she and her team can do it for you too at https://www.audionetwork.com

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A Rethink Audio production, produced by Matt Hill with post-production from Podcast Discovery.

What The Media Club has been reading this week:

All3Media and Banijay to merge

ITV deal still in contention for Banijay too

Paramount beats Netflix for Warner Bros -

Newscorp's AI strategy: Woo & Sue

BBC’s Charter Renewal Strategy

WPP's Advertising Intelligence Framework report

Reach Digital Revenue Down

Kyle & Jackie O's $100m contract terminated