nce combines two of the largest movie studios, streaming services Paramount+ and HBO Max, CBS, CNN, "and a portfolio of live sports including CBS Sports and TNT Sports, as well as a deep programming library and expansive collection of brands and franchises," Skydance said today in a press release announcing completion of the deal.

The merger was delayed a bit by a lawsuit filed by California and 11 other states. In July, US District Judge Araceli Martínez-Olguín in the Northern District of California ruled that the combination would likely reduce competition substantially and violate antitrust laws.

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