WBD approves Paramount Skydance merger, reshaping Hollywood’s landscape
TL;DR
Warner Bros. Discovery shareholders approved the $110 billion Paramount Skydance merger, valuing WBD at about $77 billion and uniting assets like Warner Bros., HBO Max, CNN, TBS and TNT under one umbrella. The deal still requires DOJ antitrust clearance and faces legal and political pushback, including an industry letter opposing consolidation. Paramount’s David Ellison pledged to maintain theatrical windows and release around 30 films per year across the studios, while Netflix earns a $2.8 billion termination fee after backing out.
Topics:top-newsbusiness#antitrust#business#hollywood-consolidation#netflix-termination-fee#paramount-skydance-merger#warner-bros-discovery
- Warner Bros. Discovery shareholders approve Paramount Skydance merger NBC News
- Warner Bros. investors approve $110 billion sale to Paramount Skydance, following long battle with Netflix Yahoo Finance
- Warner Bros. Discovery shareholders approve Paramount acquisition CNBC
- WBD Shareholders Nix David Zaslav’s Massive Golden Parachute In Paramount Merger: Too Bad Vote Is Non-Binding Deadline
- Warner Bros. Investors Approve Deal With Paramount The New York Times
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