Sovereign Wealth Funds (SWF), the Paramount–WBD Merger, Gulf Capital in Hollywood, and What It All Means for Korean Content
Saudi PIF · Qatar QIA · Abu Dhabi L'imad signed $24B in equity commitments on April 6, 2026 — $110B total, the largest media merger in Hollywood history; K-content faces a fundamentally restructured global landscape
The global media industry has been fundamentally reordered. As Paramount Skydance moves to acquire Warner Bros. Discovery (WBD) with the backing of three Gulf sovereign wealth funds (SWFs) — Saudi Arabia's Public Investment Fund (PIF), Qatar Investment Authority (QIA), and Abu Dhabi's L'imad Holding Co. — totaling nearly $24 billion in signed equity commitments, the largest media merger in Hollywood history is entering its final stretch.