Paramount-Warner Bros merger approved

In a major consolidation of the media landscape, Warner Bros.

Discovery stockholders voted to approve the acquisition by Paramount Skydance.

The deal, valued at $111 billion including debt, aims to unite iconic properties like HBO Max, CNN, and Paramount+.

However, the meeting was marked by a significant protest vote against executive compensation, with shareholders striking down a massive exit package for CEO David Zaslav.

The merger still faces intensive regulatory scrutiny in both Washington and London as industry opposition continues to mount.