Warner Bros-Paramount Merger Approved

The consolidation of Hollywood continues as Warner Bros.

Discovery prepares to join forces with Paramount in a deal that will combine major studios, streaming services, and news outlets.

The merger, valued at $111 billion including debt, still faces rigorous scrutiny from antitrust regulators in both the U.S. and the U.K. Shareholders voted in favor of the acquisition but staged a major protest against executive pay, with 82% opposing the 'golden parachute' for David Zaslav.

Critics and industry figures, including Robert De Niro and Sofia Coppola, have petitioned to block the deal, citing concerns over job losses and market competition.