After a lengthy legal battle, Paramount has finally acquired Warner Bros. Discovery. The newly formed company, Skydance, brings together Hollywood studios, streaming platforms, and cable networks. The New York Times reports this.<\/p>\n
Paramount has completed its acquisition of Warner Bros. Discovery, giving David Ellison control of a vast media empire with some of Hollywood\u2019s most valuable assets.<\/p>\n
\u201cThe deal immediately puts the combined company, now called Skydance, at the forefront of the competition alongside streaming giants such as Netflix and YouTube, placing it just behind giants like Disney and Amazon,\u201d the report said.<\/p>\n
On Tuesday morning, screens at CNN\u2019s headquarters in Manhattan were suddenly adorned with the Skydance<\/em> corporate logo. David Ellison also scheduled a town hall meeting for Tuesday afternoon to address the entire team, according to a source.<\/p>\n \u201cEllison wrested Warner Bros. Discovery from rival Netflix after months of fighting that prompted him to make nine bids for the company. The deal was reached despite objections from a coalition of state attorneys general, who filed a lawsuit to block the transaction on antitrust grounds,\u201d the publication said.<\/p>\n The lawsuit was ultimately settled after the attorneys general secured a series of concessions, including the creation of an editorial independence board to protect CNN\u2019s integrity and Ellison\u2019s commitment to spend an additional $1.5 billion on films over the next five years.<\/p>\n \u201cHundreds of Hollywood insiders have said the deal will sharply consolidate corporate power, leading to job losses and further stagnation in Hollywood. Skydance argues that the merger is a necessary counterweight to Big Tech,\u201d the NYT writes.<\/p>\n","protected":false},"featured_media":152297,"menu_order":0,"template":"","newscat":[9],"newstag":[],"issues":[],"class_list":["post-152296","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/152296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/152297"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=152296"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=152296"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=152296"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=152296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}