Sony and Apollo's strategy in a merger with Paramount would be to keep theatrical release output steady between the studios at around 20 wide releases per year. The exhibition industry fears a merger could reduce output like Disney-Fox, but Sony/Apollo plans to compete with streamers through volume. TV and streaming assets like CBS, MTV, and Paramount+ would likely be auctioned off under a merger. Last year, Sony and Paramount grossed $2 billion each at the global box office, while a merger could see their combined output reach $4 billion.
