Warner Bros. Discovery Stockholders Approve Merger with Paramount Skydance

On April 23, 2026, Warner Bros. Discovery announced that its stockholders had given the green light to its merger with Paramount Skydance Corporation at a Special Meeting of Stockholders. The Chair of the Warner Bros. Discovery Board of Directors, Samuel A. Di Piazza, Jr., expressed gratitude for the support and trust shown by the stockholders in the potential of their entertainment portfolio.

David Zaslav, President and CEO of Warner Bros. Discovery, highlighted the transformation the company has undergone in recent years and emphasized the stockholder approval as a significant step towards completing the merger with Paramount. The final vote results are pending certification by the independent inspector of the election and will be filed with the SEC on a Form 8-K.

The merger is anticipated to close in the third quarter of 2026, pending regulatory approvals and other customary closing conditions. Financial advisors Allen & Company, J.P. Morgan, and Evercore, along with legal counsel Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton LLP, are assisting Warner Bros. Discovery in this process.

Warner Bros. Discovery is a prominent global media and entertainment company known for its diverse branded content in television, film, streaming, and gaming. The company’s iconic brands include Discovery Channel, HBO Max, CNN, DC, HGTV, and many others, with a focus on inspiring and entertaining audiences around the world.

As with any forward-looking statements, there are inherent risks and uncertainties associated with the proposed merger between Warner Bros. Discovery and Paramount. These risks include uncertainties in the completion timeline, regulatory approvals, potential litigation, and market impacts. Both companies have filings with the SEC that discuss these risks and uncertainties in more detail for those who want to delve deeper.

Overall, this merger represents a significant milestone for Warner Bros. Discovery and Paramount as they aim to create a leading media and entertainment company in the digital age.