Justice Department approves Paramount Skydance’s acquisition of Warner Bros. Discovery, source says

BREAKING NEWSJun. 12, 2026, 8:50 PM UTCCulture & TrendsCulture & TrendsJustice Department approves Paramount Skydance’s acquisition of Warner Bros. Discovery, source says A formal announcement is expected soon, a person familiar with the matter told NBC News.Listen to this article with a free account00:0000:00Warner Bros. Studios in Burbank, Calif.; Paramount Pictures lot in Los Angeles.Getty ImagesShareAdd NBC News to GoogleBy Steve Kopack, Ryan J. Reilly and Daniel ArkinThe Justice Department has signed off on Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, a person familiar with the matter told NBC News, clearing the way for a merger that will unite two historic Hollywood studios and reshape the American entertainment industry. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.A formal announcement is expected soon, the familiar with the matter told NBC News. A spokesperson for Paramount Skydance did not immediately respond to request for comment on Friday.The news was first reported by Politico. Paramount owns a 114-year-old film studio, the Paramount+ streaming service and the CBS broadcast network. Warner owns a 116-year-old film studio, the HBO Max streaming service and a suite of cable channels, including CNN.Paramount Skydance CEO David Ellison has previously vowed to “honor the legacy of two iconic companies while accelerating our vision of building a next-generation media and entertainment company.” The 43-year-old media executive is the son of technology magnate Larry Ellison, the co-founder of Oracle and an ally of President Donald Trump.But the deal has faced blowback from regulators and some Hollywood professionals. In an open letter released in April, more than 1,000 entertainment professionals said the deal would “further consolidate an already concentrated media landscape, reducing competition at a moment when our industries — and the audiences we serve — can least a...