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Controversial $110 billion mega-merger of Paramount and Warner Bros.

Controversial $110 billion mega-merger of Paramount and Warner Bros. finally closes

Controversial $110 billion mega-merger of Paramount and Warner Bros.

TL;DRParamount and Warner Bros. merged into a new company called Skydance for $110 billion.

Why it matters: Consolidation reshapes Hollywood's streaming wars and content production landscape for years ahead.

New media empire will be known as Skydance, with CEO David Ellision calling it a 'historic day.'

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