The deal would unite two of the biggest players in entertainment and potentially transform the media business.

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How Paramount is acquiring Warner Brothers and what it means for the entertainment industry and viewers at home.

In this photo illustration, the logo of Warner Bros. Discovery is displayed on a computer screen in Ankara, Turkiye, on August 12, 2025. (Photo by Omer Taha Cetin/Anadolu via Getty Images) Warner Bros ...