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- 1Paramount Skydance completes $111 billion Warner Bros. Discovery merger●Paramount Skydance has completed its $111B merger with Warner Bros. Discovery
Paramount Skydance has completed its $111 billion merger with Warner Bros. Discovery, creating one of the largest media and entertainment companies in the world. The deal combines Paramount's film and TV assets, including CBS and Paramount Pictures, with Warner Bros.' HBO, Warner Bros. studios and Discovery networks, reshaping the streaming and Hollywood landscape and drawing scrutiny over consolidation and the future of both companies' streaming services.