$111B Paramount-Warner Merger Cleared, Set to Reshape Hollywood
The $111 billion merger between Paramount and Warner Bros. Discovery has reportedly been cleared and is expected to close on Tuesday, in one of the largest deals in Hollywood history - putting Paramount Pictures and CBS under the same roof as Warner Bros., HBO and CNN.
The combined company will take on Disney and Netflix across film, television and streaming. Industry attention now turns to how the streaming platforms will be merged, what happens to the news assets, and the layoffs and asset sales that may follow.
Published by GSM · USA (original Chinese edition)
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