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Warner Bros. is a brand name that has been used by several multinational mass media and entertainment companies and corporations, mostly based in the United States, originating from the original Warner Bros. Pictures, a major American film studio founded in 1923.
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Paramount completed its $110 billion Warner Bros. Discovery acquisition, creating Skydance and combining CBS, CNN, HBO and Paramount.
The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
Paramount has faced competing bids and an antitrust hurdle since its earliest attempts to take over WBD. Here's a timeline of key events.