Paramount wraps up mega Warner Bros merger to create Hollywood powerhouse Skydance

Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's ​largest entertainment and news businesses. The deal brings together the studios behind "Mission: Impossible," "Harry Potter" and DC Studios alongside major television and streaming networks such as CBS, CNN and HBO Max. The Ellison family has notably held a long relationship with Republican President Donald Trump, who said that Skydance is “going to be a great company.”

Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's ​largest entertainment and news businesses. The deal brings together the studios behind "Mission: Impossible," "Harry Potter" and DC Studios alongside major television and streaming networks such as CBS, CNN and HBO Max. The Ellison family has notably held a long relationship with Republican President Donald Trump, who said that Skydance is “going to be a great company.”