What Happened
Paramount Skydance Deal Faces Regulatory Scrutiny Amid Industry Concerns
Warner Bros. Discovery shareholders have approved a $110 billion merger with Paramount Skydance, despite concerns from Hollywood professionals and lawmakers. The deal, which promises to produce 30 movies per year from the combined studios, faces regulatory review in the US and Europe. Paramount CEO David Ellison has made a pitch to Madison Avenue executives and movie theater owners, but critics fear the consolidation will lead to fewer jobs, higher costs, and less creative content. The merger was reported by NPR.