According to the Financial Times, Paramount Global is in talks to nominate hedge fund Pentwater Capital Management to its board of directors.

This move is seen as a strategic measure by the film and streaming giant to thwart Netflix's acquisition attempt. According to insiders, if the nomination is approved, Pentwater Capital will help Paramount strengthen its defenses against external takeovers. Currently, Paramount owns core assets such as Paramount Pictures, CBS Television Network, and the streaming platform Paramount+, with its content library and user base attracting the attention of industry giants. Analysts point out that this board restructuring highlights the survival anxiety of traditional media groups under the impact of streaming media. By bringing in active investors, Paramount hopes to maintain operational independence while leveraging capital strength to cope with the expansion pressure from platforms like Netflix.