New Delhi, March 2 -- Consumers should be prepared for more changes in the streaming industry as companies combine, raise prices, and simplify access.

Paramount Skydance won the bidding war for Warner Bros. Discovery after Netflix said on Thursday it wouldn't match the CBS owner's latest offer.

On top of its array of cable networks, including Comedy Central and Nickelodeon, Paramount is the owner of streaming platform Paramount+. Meanwhile, Warner Bros. is known for movies such as A Knight of the Seven Kingdoms and Superman. It is also the parent of channels such as CNN and TLC, and streaming platform HBO Max.

Streaming is an incredibly competitive space. Players like Alphabet's Youtube, Netflix, and Walt Disney's Disney+ dominate mont...