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Washington approves $110B Hollywood merger
The U.S. Department of Justice approved Paramount SkyDance's acquisition of Warner Bros. Discovery for $110 billion after an eight-month review, which included examining its impact on streaming services and the film industry. This deal is among the largest in Hollywood history and is expected to boost competition in the media and entertainment sector, despite warnings from some senators about the dominance of a single company over consumer media content. The merger will combine significant media assets, including major studios and media outlets, making the new entity one of the largest players in the global content industry.
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