American comedy channel under MTV Entertainment Group (Paramount)
A victim has travelled to Reading Crown Court to witness the sentencing of Ethical Forestry directors after they admitted fraud. The case centers on the misappropriation of funds from thousands of investors for personal gain, while victims hope for accountability and closure.
Paramount has settled a multi-state antitrust suit over its $110 billion merger with Warner Bros. Discovery, agreeing to distribute a set number of films annually and to safeguard CBS News and CNN’s editorial independence. The deal clears a major hurdle but integration and staffing questions remain as regulators, executives, and staff brace for the next phase.
David Ellison has closed the roughly $110 billion merger that combines Paramount and Warner Bros. into a single company rebranded Skydance. The deal has folded HBO Max and Paramount+ together under one owner, brought CBS and CNN into the same corporate roof, and left the new firm carrying heavy debt while promising film release minimums and editorial safeguards.
Paramount and Warner Bros. Discovery have merged into a single company, Skydance, uniting two historic studios, streaming services, and news brands under one leadership. Ellison and Kreiz lead the new entity, with plans to accelerate content development and expand global reach.
Skydance has secured equity injections as Paramount and Warner Bros. Discovery merge under its banner. Elon Musk’s roughly $1 billion investment deepens ties with Larry Ellison’s family as the new media empire targets at least $6 billion in annual cost savings amid a heavy debt load.