💨 Abstract

A $8 billion merger between Skydance and Paramount finalized, creating a new entertainment giant led by billionaire David Ellison. Ellison, now Chairman and CEO, promises to modernize content delivery. The merger faced regulatory hurdles under the Trump administration amid controversy, including a $16 million settlement with President Trump over a "60 Minutes" interview and the discontinuation of "Late Show with Stephen Colbert."

Courtesy: WTOP Staff