Paramount closes historic Warner Bros. merger to form Skydance

Paramount has completed its acquisition of Warner Bros. Discovery's media assets, merging them with its own streaming platform Paramount+ and other networks. The deal brings together a large portfolio of popular streaming services, including Paramount+, HBO Max, and several major cable networks such as CBS, CNN, MTV, TBS, Comedy Central, and Food Network. This merger is expected to create a powerful media conglomerate with a significant presence in the US market.