FILE PHOTO: The Paramount water tower is shown on the Paramount studio lot in Hollywood, Los Angeles, California, U.S., January 13, 2026. REUTERS/Mike Blake/File Photo
The Trump Department of Justice approved a major deal that's expected to shake up the entertainment industry, according to reporting by NBC News.
Paramount Skydance now has a clearer path to acquiring Warner Bros. Discovery for $110 billion, a person familiar with the deal told NBC News. A formal announcement is expected soon, NBC added.
The Trump administration had leverage over Paramount Skydance CEO and MAGA ally David Ellison, who sought to clear the deal through the DOJ. While the deal dangled in uncertainty, Paramount's networks like CBS and CBS News made controversial moves to end The Late Show with Stephen Colbert and fire "60 Minutes" correspondents like Sharyn Alfonsi and Scott Pelley.
Paramount+ will also be exclusively streaming the upcoming UFC match on the White House South Lawn.
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