US Antitrust Regulators Likely to Approve Paramount's Acquisition of Warner Bros. Discovery

According to CNA, US media outlet Semafor reported that after a two-hour meeting, antitrust regulators are expected to approve Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery. During the meeting, Paramount CEO David Ellison reiterated his commitment to continuing theatrical releases. This high-stakes deal is being closely watched by Hollywood and Wall Street, as it would consolidate many enduring works in the entertainment industry but could also impact jobs. The Department of Justice issued subpoenas in March, requesting information on how the deal would affect film production, content copyrights, streaming competition, and the cinema industry. Last month, about 3,500 Hollywood professionals, including Jane Fonda, Joaquin Phoenix, Mark Ruffalo, and J.J. Abrams, signed a petition arguing that the merger would reduce opportunities for creators, increase layoffs, and raise costs for consumers. Paramount Skydance announced the acquisition plan in February, and Warner Bros. Discovery owns major franchises such as 'Harry Potter' and 'Game of Thrones'.