Paramount-WBD merger moves forward

Paramount and Warner Bros Discovery have entered the final stages of their merger after a federal judge approved an antitrust settlement.

“Paramount and Warner Bros Discovery have entered the final stages of their merger after a federal judge approved an antitrust settlement. Paramount chief David Ellison announced the next step immediately after the settlement order, clearing a major legal obstacle for the combination. Mattel chief Ynon Kreiz has been named chief executive, putting an experienced franchise operator in charge of the enlarged entertainment group. The deal would reshape studio, streaming and television competition, concentrating major libraries and distribution businesses under one leadership team.”