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Paramount and Warner Bros. Discovery complete $110 billion media megamerger

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/10/2026, 13:46:26 UTC.

Briefings

Paramount completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined entity named Skydance. This merger consolidates Paramount's film studios, networks, and brands including HBO, CBS News, and CNN under one corporate roof. The process was marked by a rocky road for Paramount, which secured the deal in February after a months-long conflict with Netflix over WBD. Since the agreement, the company has faced criticism from lawmakers and Hollywood talent regarding the negative impacts of media consolidation. Paramount cleared its final major hurdle last month by settling with 12 states, resolving the remaining legal obstacles.

Key points

• Paramount completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined company known as Skydance.
• The merger consolidates Paramount's film studios, networks, and brands including HBO, CBS News, and CNN under one corporate roof.

Context and limitations

Coverage is limited to the final settlement of the 12-state legal hurdle; specific details on the timeline of the 12-state negotiations and the exact nature of the criticism from lawmakers and talent are not detailed in the provided text.

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