What Will Happen to Warner Bros. Games Under Paramount?

On paper, Warner Bros. Games appears to be a logical addition to Paramount, a company that said in an investor presentation that “cutting-edge gaming” was a “core creative engine.” But David Ellison is eyeing at least $6 billion in cuts to make its acquisition of Warner Bros. Discovery work, raising the question of whether it will deal the studio behind hits like “Mortal Kombat” its own fatality in the name of merger cost savings.

In addition to “Mortal Kombat,” WB Games brings console...