HBO Max, “Harry Potter,” “Top Gun,” CBS and CNN may all be placed the control of the upstart Paramount Skydance soon. That’s because shareholders of Warner Bros. Discovery approved an $81 billion sale of the company on Thursday. The deal, including debt, is valued at nearly $111 billion. While the megamerger faces ongoing regulatory review, it could vastly reshape Hollywood and the wider media landscape. It would further consolidate power in an industry already run by just a handful of major players. Paramount itself was acquired by Skydance just last year. Here’s what a Paramount-Warner combo could look like for streaming, movies, news and more.

Actor and filmmaker Maggie Gyllenhaal will preside over the main competition jury for the 83rd Venice International Film Festival later this y…

Timothée Chalamet starring as a ping-pong master in “Marty Supreme” and a Netflix comedy competition show hosted by Kevin Hart are some of the…

“The Super Mario Galaxy Movie” and “Project Hail Mary” continue to lead the North American box office. The Mario sequel has topped the charts for three weekends, adding $35 million and reaching $747.5 million globally. “Project Hail Mary” dropped only 15% in its fifth weekend, earning $20.5 million domestically and bringing its worldwide total to $573.1 million. Meanwhile, “Lee Cronin’s The Mummy” debuted in third place with $13.5 million. Despite mixed reviews, it has a worldwide total of $34 million. The overall box office is up 16% from last year, with more big releases expected soon.

Eddie Murphy has received the American Film Institute's life achievement award at a star-studded ceremony. The event, held Saturday night at the Dolby Theatre, featured appearances from Spike Lee, Martin Lawrence, Dave Chappelle, and more. Murphy, known for his roles in "Beverly Hills Cop" and "Shrek" over a nearly 50-year career, expressed gratitude for his family and career. Spike Lee praised Murphy's cultural impact, while Chris Rock and others highlighted his influence across generations. The tribute, which will air on Netflix, also included performances by Jennifer Hudson.

The Walt Disney Co. has staged a major presentation at CinemaCon, showcasing new footage from upcoming films. They revealed the opening of the new Star Wars movie and scenes from “Avengers: Doomsday,” featuring Chris Evans as Captain America and Robert Downey Jr. as Doctor Doom. The new Star Wars film, directed by Jon Favreau, opens on May 22. Disney also introduced “Toy Story 5” and a live-action “Moana.” Disney's releases dominated the box office in 2025, and they continue to impact the industry despite facing challenges like recent layoffs.