In a landmark vote for the entertainment industry, Warner Bros. Discovery shareholders approved the company’s merger with Paramount on Thursday. The deal, one of the largest media consolidations in recent years, still faces hurdles — the New York Times noted that Thursday’s vote “does not end the wrangling” — but it clears a critical milestone in reshaping Hollywood’s competitive landscape at a time when legacy studios are battling streaming rivals and shrinking theatrical audiences.
Warner Bros. Discovery Shareholders Greenlight Paramount Deal
