Warner Bros $111bn sale to Paramount approved by US justice department

A spokesperson for Bonta told the BBC said there was no update on that review and said it "remains under investigation".More than 1,400 Hollywood actors, directors and filmmakers in April signed an open letter opposing the merger."The result will be fewer opportunities for creators, fewer jobs across the production ecosystem, higher costs, and less choice for audiences in the United States and around the world," the signatories said.Skydance merged with Paramount in 2025 and cut about 10% of its workforce in the process. While people in Hollywood fear jobs cuts and the impacts of fewer studios being in power, Paramount executives have said it was looking forward to what they say will be billions of dollars in cost-savings.By taking over Warner Bros, Paramount will become one of the most powerful forces in Hollywood, adding news network CNN, TV networks HBO, TBS, TNT, TCM, as well as studios DC Studios and New Line Cinema to its current stable of assets. Those include Paramount Pictures, CBS, Showtime and Nickelodeon.Paramount's control of CBS News and its 60 Minutes programme has come under intense scrutiny for programming decisions that critics say favour of the Trump administration, including new leadership firing long-time staff and well-known journalists.Warner Bros put itself up for sale last year and came to an initial deal with Netflix to buy some of its assets, in a deal worth roughly $82bn (£61bn) including debt.