Chinese regulators clear Paramount Skydance-Warner Bros Discovery merger, source says

Chinese regulators have cleared the $110 billion merger between Paramount Skydance and Warner Bros ‌Discovery, according ⁠to ⁠a source familiar with the decision.

The antitrust ruling comes on the heels of similar approvals from the U.S. Department of Justice, and a number of other countries, including ⁠Australia, Germany, ‌France and Saudi Arabia. China, where both Paramount and Warner ⁠Bros Discovery release films, also needed to sign off on the deal.

The European Union has yet to weigh in on the combination.


China has been a diminishing source of ‌revenue for Hollywood, as its domestic movie industry matures. Some films, like Warner ⁠Bros's 2023 film "Meg 2: The Trench," grossed $53.3 million in China during its opening weekend. However, Paramount's 2022 blockbuster "Top Gun: Maverick," was never released - a casualty of heightened tensions between the U.S. and China.