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Warner Bros. Discovery and Paramount merge into Skydance for $111B
Warner Bros. Discovery and Paramount have finalized their $111 billion merger, establishing a new entity named Skydance. The combination, which faced a final legal challenge that was dismissed by Supreme Court Justice Elena Kagan, unites major film studios, streaming platforms like Paramount+ and HBO Max, television networks including CBS and CNN, and extensive live sports offerings. This transaction was approved following a California legal settlement that set minimum domestic film distribution standards and allowed for separate negotiations concerning cable channels.
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