(Reuters) -Paramount World is holding talks with different media firms about merging its streaming platform with one other, CNBC reported on Monday, citing folks acquainted with the matter.Fears of market saturation have compelled media firms to bundle their streaming companies and supply discounted charges to lure prospects who’re cautious of signing up and paying for quite a few particular person providers.Media large Paramount World’s management is in discussions with different media and tech firms to find out a viable construction the place Paramount+ will be merged with one other streaming entity and probably co-owned, the report stated.Warner Bros Discovery is likely one of the firms that has expressed an curiosity in a three way partnership, merging its Max and Paramount+, the report added.Paramount and Warner declined to touch upon the report.A number of media executives stated privately they count on Comcast’s Peacock, Paramount+, Max and Walt Disney to in the end workforce up their programming inside one utility to alleviate confusion and compete with streaming chief Netflix, the report stated.It added that whereas a construction for a hypothetical three way partnership between Paramount and Warner has not been mentioned intimately, possession doubtless wouldn’t be a 50-50 break up given the prevailing nature of the streaming belongings and their funds.Paramount’s streaming service has greater than 71 million subscribers, far lower than Netflix’s 269.60 million and Warner’s 99.6 million.Final month, Reuters reported that Paramount co-CEO stated the corporate will give attention to its new plan to remodel its streaming enterprise, scale back prices and divest some belongings to assist pay down debt, a day after controlling shareholder Shari Redstone opted to finish deal talks with Skydance Media for Paramount World.(Reporting by Harshita Mary Varghese; Modifying by Shinjini Ganguli)