The completion of the Paramount-Warner Bros. Discovery merger has placed David Ellison's Skydance in control of a vast portfolio of media assets, including HBO, HBO Max, CNN, CBS, Paramount+, Pluto TV, Warner Bros. studio, Paramount Pictures, and cable networks like TNT and HGTV. The deal raises questions about the future of these brands, though HBO Max and CNN will operate as usual for now. The combined company is positioned to compete with Disney and Netflix in streaming.
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