DOJ Clears Paramount-Warner Bros Merger, Reshaping Hollywood's Streaming Era

The Justice Department’s Antitrust Division approved Paramount Skydance’s $111 billion bid for Warner Bros. Discovery without divestitures, clearing a major regulatory hurdle and setting up a merged entertainment giant that would combine CNN, HBO Max, and Paramount+ with about 200 million subscribers. The decision removes a key obstacle, but California’s attorney general could still sue to block the deal, and concerns about layoffs and reduced competition persist amid a fierce lobbying battle that included Netflix’s bid and counterclaims.