Sports & Entertainment — Paramount Skydance Acquisition of Warner Bros. Discovery Reshapes Entertainment Industry

Sports & Entertainment · 2026-02-28

The entertainment industry is experiencing its most significant consolidation in recent history with Paramount Skydance's successful bid for Warner Bros. Discovery, outmaneuvering Netflix in a deal that will fundamentally alter the competitive landscape. This transaction, targeting a Q3 2026 closing, has already cleared initial antitrust hurdles and promises to create an entertainment powerhouse…