What audiences could expect from Paramount-Warner merger into Skydance
The completed merger brings Paramount and Warner Bros. Discovery under a company called Skydance, named for the firm Paramount acquired last year.
The combined business includes the Paramount and Warner Bros. movie studios, streaming services Paramount+ and HBO Max, and television networks CBS and CNN. It also brings together CBS Sports and TNT Sports, along with the companies’ programming libraries and franchises.
The deal faced a legal challenge from California and 11 other states. A federal judge ruled in July that the merger would likely substantially reduce competition and violate antitrust laws; California later settled, and the other states accepted the compromise.
A coalition of free-speech and media advocacy groups opposed the settlement, arguing it offered residents of the states that sued little in return. A last-minute attempt to block the merger was rejected by Supreme Court Justice Elena Kagan.
Where this came from
CBS News did not allow its article to be shown here. This version was written by Sureno, in its own words, from other reporting:
- Ars Technica — Paramount completes $111B Warner merger, creating “Skydance” behemoth