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Paramount takes over Warner Bros in $110bn Hollywood merger
US states announced a settlement with Paramount and Ellison last month which paved the way for the merger to go ahead.
The newly merged entertainment behemoth will be re-branded under the name Skydance Corporation, the company originally founded by David Ellison before he took over both Paramount and Warner Bros Discover.
The deal with US states aims to ensure the merged studios will produce "real, robust movies" that will generate economic activity and put people back to work, said California Attorney General Rob Bonta, who led the lawsuit and settlement.
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