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Hollywood Keeps Shrinking: The Biggest Studio Mergers Ever

Oct 17, 2026

On October 6, 2026, Paramount Skydance completed its purchase of Warner Bros. Discovery, valued at about $110 billion including debt. Here is how the bidding war with Netflix ended, how the deal ranks against AOL-Time Warner, AT&T-Time Warner and Disney-Fox, and why Hollywood's Big Six are now four.

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