Regulatory authorities have officially approved the $8 billion merger between Paramount Global and Skydance Media, clearing the way for one of the largest consolidations in the entertainment industry this year.
The deal combines Paramount’s extensive film and television assets with Skydance’s growing portfolio of blockbuster franchises and original content, aiming to create a more competitive force amid a rapidly evolving streaming landscape.
Regulators concluded their review without imposing significant conditions, citing the companies’ complementary strengths and the lack of substantial antitrust concerns given the diversity of competitors in the media space. 
Paramount CEO Bob Bakish and Skydance founder David Ellison expressed optimism that the merger will accelerate innovation, enhance content offerings, and expand global reach for both entities.
The transaction is expected to close by the end of Q3 2025, subject to final shareholder approval.
