Entertainment · Film · published 2026-09-27 · via Deadline

Kevin Mayer Says Media Consolidation Is Inevitable as Paramount-Warner Bros Merger Looms

Kevin Mayer, former Disney executive and current co-CEO of Candle Media, addressed the Paramount-Warner Bros merger during a Zurich Summit panel. He argued that consolidation in media and entertainment is unavoidable as revenues decline. Mayer also said observers should consider the consequences if the deal does not go through.

Expanded Detail

Kevin Mayer, formerly a Disney executive, previously managed Disney’s 2019 purchase of 20th Century Fox. Since 2021, he has served as co-CEO of Candle Media, a company backed by Blackstone.

At the Zurich Summit, Mayer joined a panel discussing the Paramount-Warner Bros merger. He described consolidation across media and entertainment as unavoidable while revenues fall, and urged observers to weigh what might occur if the transaction fails.

Context

If consolidation proceeds, media workers, creatives, distributors, and audiences may face fewer employers and less varied content, though larger scale could also support streaming investments. If it fails, existing firms could continue cost-cutting and restructuring. Consumers may see changes in pricing, catalog availability, and franchise output. Policymakers and labor groups could scrutinize market power.

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