$187 billion of deals in motion, led by Paramount-WBD ($110B) — but the leverage on stage has shifted from media moguls to tech chiefs. Buyer consolidation redraws the negotiating map for K-content.

Global media's realignment is converging on a Big Tech Entertainment order. The Sun Valley conference opened July 7 with roughly $187 billion of transactions in motion at once — Paramount's $110 billion merger with Warner Bros. Discovery (WBD), Fox's $22 billion acquisition of Roku, and the $55 billion buyout of Electronic Arts — while Comcast's planned spin-off of NBCUniversal and Sky adds two fresh for-sale assets to the board.

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