Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery

(NPR) The Justice Department on Friday approved Paramount's proposed $111 billion takeover of Warner Bros. Discovery.

After concluding its antitrust investigation into the pending merger, the department said in a statement that it found that the deal posed no threat to competition or consumers of film, broadcast television or streaming.

The decision clears the way for a merger of two rival Hollywood studio titans: Paramount, the owner of CBS, including CBS News, will swallow the much larger Warner, which includes HBO and CNN.

The DOJ''s Antitrust Division concluded that a union of two studio giants isn't anti-competitive because the streaming market has expanded the competition for conventional Hollywood studios, which includes Netflix, Apple and Amazon, as well as smaller streamers. The Justice Department's view is that, for the same reason, consumers won't lose out because there are plenty of other places to get entertainment.

https://www.npr.org/2026/06/12/nx-s1-5856567/paramount-acquisition-warner-bros-discovery-merger