Paramount Tianwu closed a $110 billion deal to acquire Warner Bros. Explore on Tuesday. One of the largest media mergers and acquisitions in history came to an end after a fierce battle with Netflix for control and resistance to antitrust lawsuits. After the merger, the new company Skydance merged two of the top five Hollywood film studios, and important IPs such as “Harry Potter” and “Mission Impossible” will also fall under the same company. The new company will also have dozens of TV channels, from CBS to TNT, as well as two major subscription-based streaming services, Paramount+ and HBO Max.

Paramount Tianwu closed a $110 billion deal to acquire Warner Bros. Explore on Tuesday. One of the largest media mergers and acquisitions in history came to an end after a fierce battle with Netflix for control and resistance to antitrust lawsuits. After the merger, the new company Skydance merged two of the top five Hollywood film studios, and important IPs such as “Harry Potter” and “Mission Impossible” will also fall under the same company. The new company will also have dozens of TV channels, from CBS to TNT, as well as two major subscription-based streaming services, Paramount+ and HBO Max.