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Paramount and Warner Bros. Merge as Skydance | Los Angeles News
Paramount and Warner Bros. Discovery are merging to form a new entity called Skydance, with CEO David Ellison steering the transition. The deal has received regulatory approval and will grant Skydance significant assets, including HBO, CNN, and the Harry Potter library. Ynon Kreiz from Mattel will oversee operations, while HBO Chairman Casey Bloys is set to lead the streaming division. However, there are concerns about potential layoffs and cost-cutting in an industry already facing job losses. www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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