Warner Bros. Discovery

A federal judge has approved the antitrust settlement removing the final regulatory obstacle to the merger of Paramount and Warner Bros. Discovery, according to IndieWire. The deal, which would combine two of Hollywood's largest studios and streaming operations, had faced scrutiny over competition concerns and can now move forward. The ruling marks a major consolidation moment for the US entertainment industry.

Paramount is appointing Ynon Kreiz, formerly Mattel's chairman and CEO, as co-CEO ahead of the close of its $110 billion merger with Warner Bros. Discovery. Kreiz will lead the company alongside chairman and CEO David Ellison, who remains at the helm as the deal moves toward completion.

Paramount is appointing Ynon Kreiz, the former Mattel chairman and CEO, as co-CEO ahead of the expected close of its $110 billion merger with Warner Bros. Discovery. The move signals how the combined media giant will be led once the deal completes, pairing Kreiz with existing leadership as Paramount prepares to run a far larger film, television and streaming business. Commentators are watching what a toymaker chief brings to a Hollywood studio at such a pivotal moment.

Paramount's streaming chief is leaving the company as it prepares for its merger with Warner Bros. Discovery. She informed staff of her departure in a memo, the contents of which have been published. The exit comes amid a broader leadership reshuffle at Paramount ahead of the deal, and observers are watching who will take over the streaming business and how the combined company's strategy will change.