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Paramount and Warner Bros. Discovery $110bn merger closes

Merger of Paramount and Warner Bros. Discovery approaches completion with executive reshuffles as streaming arms consolidate.

1. Monday 28 September 2026

   Judge approves Paramount settlement with state AGs, clearing way for $111bn Warner Bros. merger

   A federal judge approved Paramount's settlement with 12 Democratic state attorneys general, removing the last barrier to its $111bn takeover of Warner Bros. Discovery, tentatively set to close on 6 October.

   10 outlets

2. Tuesday 29 September 2026

   Cindy Holland leaves Paramount streaming role; Casey Bloys likely to lead combined streaming

   Paramount's direct-to-consumer chair Cindy Holland announced her exit in a memo on 29 September, days before the Warner Bros. Discovery deal closes. Outlets say HBO's Casey Bloys is the likely streaming head, though it is unconfirmed.

   6 outlets

3. Wednesday 30 September 2026

   Mattel CEO Ynon Kreiz to step down; reported to join Paramount-Warner Bros.

   Mattel announced Ynon Kreiz will leave as chairman and CEO on Oct. 2 for another public company. Trade outlets report he is expected to take a senior role at Paramount, which has not commented.

   3 outlets