Warner Brothers Discovery Completes Paramount Merger
Warner Bros Discovery shareholders have approved a merger with Paramount Skydance. The merger aims to consolidate major entertainment assets under a single entity. No specific financial terms of the acquisition were disclosed in the report. The acquisition will place CNN under the control of David Ellison. Ellison is described as a close associate of Donald Trump. The deal follows Ellison's previous acquisition of CBS last year. The merged entity will control major media brands including CBS, HBO, and Nickelodeon. The company will also hold franchises such as Harry Potter and Game of Thrones. Hollywood professionals, including writers, directors, and actors, have expressed resistance to the merger. Concerns cited by industry workers include potential job losses and increased production costs.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
“Warner Brothers Discovery shareholders have approved the merger with Paramount Skydance. Paramount is said to acquire the company in whole including cable networks, a film studio, and streaming service.”
“The merger still needs regulatory approval. However, shareholders”
“bidding war with Netflix. The merger still needs regulatory approval. However, shareholders”
“The merger still needs regulatory approval. However, the bidding war with Netflix continues.”
“Brothers CEO and other executives related to the Paramount merger.”
“Brothers CEO and other executives related to the Paramount merger. I'm Jenner.”
“Shareholders have approved the merger with Paramount Skydance. Paramount is set to acquire the company in whole, including cable networks, a film studio and streaming service. The deal is for $31 a share.”
“Warner Brothers Discovery shareholders have approved the merger with Paramount Skydance. Paramount is set to acquire the company in whole including cable networks, a film studio and streaming service.”
“Warner Bros. Discovery Shareholders Approve Paramount Merger”
“Les actionnaires de Warner Brothers discovernt et approuvent cette semaine le rachat par Paramount Skydance, qui va faire passer la chaîne CNN sous le contrôle de David Ellison”
“A Paramount concordou em comprar a Warner por cento e dez bilhões de dólares em fevereiro após vencer uma disputa que durou muito tempo vários meses com a Netflix.”
“Os acionistas aprovaram um negócio de 110 bilhões de dólares que vai dar origem a uma gigante do entretenimento reunindo dois dos principais estúdios de Hollywood.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade