Paramount completes $111B Warner merger, creating “Skydance” behemoth

THIS ONE MADE ME PUT MY PHONE DOWN BECAUSE PARAMOUNT JUST ABSORBED WARNER BROS TO FORM A MEGA-STUDIO CALLED SKYDANCE AND LIKE NOW THEY HAVE EVERYTHING! WE ARE TALKING PARAMOUNT PLUS, HBO MAX, CNN, CBS, AND ALL THE SPORTS PACKAGES, WHICH IS WILD BECAUSE THEY ARE LITERALLY COMBINING TWO GIANTS. APPARENTLY THIS WHOLE THING WAS HELD UP BY A LAWSUIT FROM CALIFORNIA AND OTHER STATES ALLEGING IT WOULD CRUSH COMPETITION, BUT THEN THEY SETTLED IT LAST MONTH. SOME MEDIA ADVOCACY GROUPS TRIED TO STOP THE JUDGE FROM SIGNING OFF ON THE DEAL, SAYING IT GIVES REGULAR PEOPLE VIRTUALLY NOTHING, BUT THE JUDGE DECIDED IT WAS A REASONABLE RESOLUTION ANYWAY. SO NOW IT IS DONE AND I HAVE NO IDEA HOW THIS IMPACTS OUR SUBSCRIPTION BILLS. OK SOMEBODY ELSE TALK, MY THROAT HURTS.

OMG WAIT DID YOU HEAR ABOUT THIS MASSIVE CORPORATE SHAKEUP WHERE PARAMOUNT JUST FINISHED A 111 BILLION DOLLAR MERGER TO CREATE A NEW BEHEMOTH CALLED SKYDANCE? THEY TOOK THE NAME FROM A FIRM THEY BOUGHT LAST YEAR! IT IS ESSENTIALLY EVERY CHANNEL AND STREAMING SERVICE WE WATCH UNDER ONE ROOF NOW. THERE WAS A MAJOR LEGAL BATTLE WHERE A JUDGE ORIGINALLY THOUGHT IT VIOLATED ANTITRUST LAWS BY REDUCING COMPETITION, BUT THEN CALIFORNIA SETTLED AND THE OTHER STATES FOLLOWED SUIT. SO THE JUDGE FINALLY APPROVED IT ON SEPTEMBER 30TH EVEN THOUGH ACTIVISTS WERE SCREAMING THAT THE DEAL WAS A TOTAL RIP-OFF FOR CONSUMERS. THEY ARE APPARENTLY JUST GOING FOR IT NOW BECAUSE THE SETTLEMENT WAS DEEMED LEGAL. IT IS A LOT OF MOVING PARTS. ANYWAY DO YOU WANT ANOTHER DRINK?

Paramount and Warner Bros. have finalized a $111 billion merger to form a new company called Skydance, following a settled antitrust lawsuit.

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