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A merger between Paramount Skydance and Warner Bros. Discovery would create a media giant with a huge portfolio of pay TV networks, a sprawling range of sports rights and two major film studios.

Lawmakers question $16 million settlement, cancellation of “The Late Show,” and alleged $20 million “side deal,” warning potential violations of anti-bribery laws.

Matt and Ross Duffer sign exclusive partnership with Paramount and Skydance after more than a decade with Netflix, strengthening Paramount’s content ambitions as it expands theatrical and streaming output.

Post–$8.4B merger with Skydance, Paramount plans to more than double annual movie output from eight to 15, while maintaining key cable networks and striking a balanced spending strategy between films and series.

The newly merged Paramount, backed by Skydance Media and RedBird Capital, aims to modernize content creation, expand global reach, and drive long-term shareholder value through innovation, scale, and a 113-year legacy.