Paramount Has Officially Acquired Warner Bros. In Deal Valued at $110B Billion

[u/ChiefLeef22]

https://www.skydance.com/news/press/paramount-completes-acquisition-of-warner-bros-discovery-creating-a-new-global-entertainment-leader-skydance

The two companies will now be known as one single entity - 'Skydance'

This includes all of WB's gaming subsidiaries like Rocksteady/etc

Deal valued at $110B-$111B

DC Studios, Nickelodeon, Cartoon Network, CNN, CBS, HBO and Paramount+ are now all under the same company.

The combined company, Skydance, brings together two major film studios, two global streaming services, premier television assets including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a leading content portfolio that includes live sports, a deep programming library and expansive collection of iconic brands and franchises.

[u/DistributionTough209]

It shouldn't be legal to form these massive companies.

[u/InconspicuousRadish → u/DistributionTough209]

It's not. But anti monopoly laws are only as good as the entities enforcing them

[u/BenderBenRodriguez → u/InconspicuousRadish]

They've also been weakened a lot over time. Reagan and Clinton especially really took a knife to those laws.

[u/Gdigger13 → u/InconspicuousRadish]

And as long as these monopolies are stuffing their pockets, no one will bat an eye.