Hollywood studio Paramount Global's stock price has plummeted since February 2024.

Warren Buffett's Berkshire Hathaway reportedly cut its stake in the company by one-third.

Coincidentally, the news comes as majority shareholder Shari Redstone is in talks to sell a major stake in David Ellison's studio Sundance Media and RedBird Capital.

Skydance, the midsize studio behind "Top Gun" and "Mission Impossible," already has a number of collaborations with Paramount. Experts believe that if Skydance and Paramount Studios were to merge, it would create a larger content production organization.

However, there's no denying that it's a double whammy for Paramount's stock price.