HBO Max, “Harry Potter,” “Top Gun,” CBS and CNN may all be placed under 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.
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