Warner Bros Discovery shareholders voted to approve the proposed $110 billion merger with Paramount Skydance on 23 April 2026.
Shareholders rejected the executive compensation plan that would award CEO David Zaslav up to $887 million if the deal closes.
US DOJ issued subpoenas in late March, and regulators in Washington and London will review the merger’s competition impact.
Opposition voiced by actors, filmmakers and cinema groups fearing reduced creative opportunities and studio consolidation.