Warner-Paramount merger approved

A critical hurdle for the Warner-Paramount mega-merger has been cleared with a decisive vote from Warner Bros.

Discovery shareholders.

While the deal received strong support, investors issued a notable rebuke by rejecting the proposed executive compensation package for CEO David Zaslav.

The merger still faces intense scrutiny from federal regulators and opposition from some Hollywood figures concerned about market consolidation.

If finalized, the new company would control a vast portfolio of iconic brands, including HBO, CNN, CBS, and Paramount+.