Congressman Sam Liccardo is urging FCC chairman Brendan Carr to deny Paramount Skydance's petition that would allow three Middle Eastern sovereign wealth funds and other foreign investors to acquire 49.

Paramount Skydance said the merged Paramount-Warner Bros. Discovery will be 49.5% owned by foreign investors, with about 38.5% of the equity in the new company held by a trio of Middle Eastern funds.

An $81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line.

Five consumers have filed a federal lawsuit to block Paramount Skydance’s planned acquisition of Warner Bros. Discovery, alleging the $110 billion deal would harm competition, raise prices, and reduce output. The suit also seeks to reverse Paramount’s ...

Jane Fonda showed up at the opening-night film of the 2026 TCM Classic Film Festival on Thursday to salute her late co-star in four movies, Robert Redford. But the famously political actress also took the opportunity to slam the potential Paramount/Warner Bros.

Employees, about 16,000 of them, are sitting on one of the best stock trades in the media business in recent years.

The exec, who would've been spinoff CEO for Discovery Global, has been given a new employment deal through April 2028 ahead of his current contract expiring on July 10.

Warner Bros. Discovery disclosed total compensation of CEO David Zaslav and other execs for 2025, amid the pending merger with Paramount Skydance.