Warner Bros. shareholders approved the company’s $81 billion sale to Paramount on Thursday, finalizing a merger that will significantly reshape the media landscape. The deal grants Trump-backed billionaire David Ellison expanded control over a vast portfolio of entertainment and news outlets.
Under the agreement, Ellison’s Paramount Skydance—the parent company of CBS News, Paramount Pictures, BET, MTV, Nickelodeon, and others—will now oversee HBO and HBO Max, Warner Bros.’ movie and TV studios, DC, CNN, TBS, TNT, HGTV, and Discovery+.
This transaction marks one of the largest media consolidations in history, consolidating influence across film, television, news, and streaming platforms under a single corporate umbrella.
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