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Paramount Skydance completes $111 billion merger with Warner Bros. Discovery

Original: Paramount Skydance has completed its $111B merger with Warner Bros. Discovery

Paramount Skydance has finalized 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 studios, CBS and streaming platforms with Warner Bros.' HBO, DC and cable assets, reshaping the Hollywood landscape and drawing scrutiny over consolidation, layoffs and the future of streaming competition.

Why now: The closing of a historic $111 billion media consolidation has just been announced, prompting debate over its impact on Hollywood, streaming and media competition.

Paramount SkydanceWarner Bros. DiscoverySkydance MediaParamount PicturesHBO

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