Netflix Inc (NASDAQ: NFLX) has stunned Hollywood with an $83 billion takeover bid for WBD assets – effectively sidelining Paramount Skydance (NASDAQ: PSKY) from a buyout it had long coveted.But that doesn’t mean PSKY is bound to lose in streaming. According to Lightshed Partners’ senior expert Rich Greefield, the mass media company can carve out a winning path even without Warner Bros. Discovery.At the time of writing, Paramount Skydance stock is down more than 30% versus its year-to-date high in the final week of September.How Paramount Skydance stock could win without WBDGreenfield’s thesis is straightforward: Paramount doesn’t need Warner Bros. Discovery to succeed, he told CNBC in a recent interview.Instead, it could double down on content creation and build a distinctive library that sets it apart from rivals.In streaming, differentiation is everything – audiences flock to platforms that offer unique, must-watch programming.By investing aggressively in original films, series, and sports rights, Paramount can strengthen its brand identity and reduce reliance on outside assets.Greenfield believes that a bold content strategy could allow PSKY stock to thrive even in a crowded market, positioning it as a creative powerhouse rather than a merger-dependent player.Is Paramount Skydance really out of the race now?Netflix’s blockbuster bid for WBD assets is far from a done deal, with experts warning that such a massive consolidation in streaming will likely face intense antitrust scrutiny.This means there’s a real possibility that NFLX’s potential transaction with Warner Bros Discovery gets delayed or even blocked altogether.Paramount – by contrast – was widely seen as the most likely candidate to win regulatory approval for a WBD tie-up because of its smaller scale. So, the door remains open. If Netflix’s deal falters, PSKY could re-emerge as a contender.For now, the odds favor NFLX, but the uncertainty means investors shouldn’t completely rule out a future PSKY-WBD combination – one that could unlock significant further upside in Paramount Skydance shares.  The bull case for PSKY sharesEven without Warner Bros. Discovery, there’s a compelling argument for PSKY’s long-term value.The company has a deep content library spanning CBS, Paramount Pictures, and Nickelodeon – plus strong sports assets through CBS Sports.Plus, ongoing restructuring efforts aim to streamline costs and sharpen focus as well. Paramount’s global distribution network gives it reach that smaller rivals lack, and its ability to monetize across streaming, theatrical, and broadcast provides diversified revenue streams.For investors, the investment case is clear: Paramount Skydance has the assets, partnerships, and creative DNA to remain a formidable force in the streaming wars.Wall Street analysts currently have a consensus “hold” rating on PSKY shares, but their price targets go as high as $20, indicating potential upside of well over 35% from here.The post What's next for Paramount Skydance stock as its WBD dream falters? appeared first on InvezzNetflix Inc (NASDAQ: NFLX) has stunned Hollywood with an $83 billion takeover bid for WBD assets – effectively sidelining Paramount Skydance (NASDAQ: PSKY) from a buyout it had long coveted.But that doesn’t mean PSKY is bound to lose in streaming. According to Lightshed Partners’ senior expert Rich Greefield, the mass media company can carve out a winning path even without Warner Bros. Discovery.At the time of writing, Paramount Skydance stock is down more than 30% versus its year-to-date high in the final week of September.How Paramount Skydance stock could win without WBDGreenfield’s thesis is straightforward: Paramount doesn’t need Warner Bros. Discovery to succeed, he told CNBC in a recent interview.Instead, it could double down on content creation and build a distinctive library that sets it apart from rivals.In streaming, differentiation is everything – audiences flock to platforms that offer unique, must-watch programming.By investing aggressively in original films, series, and sports rights, Paramount can strengthen its brand identity and reduce reliance on outside assets.Greenfield believes that a bold content strategy could allow PSKY stock to thrive even in a crowded market, positioning it as a creative powerhouse rather than a merger-dependent player.Is Paramount Skydance really out of the race now?Netflix’s blockbuster bid for WBD assets is far from a done deal, with experts warning that such a massive consolidation in streaming will likely face intense antitrust scrutiny.This means there’s a real possibility that NFLX’s potential transaction with Warner Bros Discovery gets delayed or even blocked altogether.Paramount – by contrast – was widely seen as the most likely candidate to win regulatory approval for a WBD tie-up because of its smaller scale. So, the door remains open. If Netflix’s deal falters, PSKY could re-emerge as a contender.For now, the odds favor NFLX, but the uncertainty means investors shouldn’t completely rule out a future PSKY-WBD combination – one that could unlock significant further upside in Paramount Skydance shares.  The bull case for PSKY sharesEven without Warner Bros. Discovery, there’s a compelling argument for PSKY’s long-term value.The company has a deep content library spanning CBS, Paramount Pictures, and Nickelodeon – plus strong sports assets through CBS Sports.Plus, ongoing restructuring efforts aim to streamline costs and sharpen focus as well. Paramount’s global distribution network gives it reach that smaller rivals lack, and its ability to monetize across streaming, theatrical, and broadcast provides diversified revenue streams.For investors, the investment case is clear: Paramount Skydance has the assets, partnerships, and creative DNA to remain a formidable force in the streaming wars.Wall Street analysts currently have a consensus “hold” rating on PSKY shares, but their price targets go as high as $20, indicating potential upside of well over 35% from here.The post What's next for Paramount Skydance stock as its WBD dream falters? appeared first on Invezz