Your Daily Film & Television Briefing

Paramount Skydance Receives Requisite Consents for Warner Bros. Discovery Acquisition

• Paramount Skydance Corporation announced on May 27, 2026, that Warner Bros. Discovery (WBD) has received the necessary consents for proposed amendments to its senior unsecured notes' indentures. These amendments, executed on May 26, 2026, are in connection with Paramount's proposed acquisition of WBD and are expected to become operative around May 29, 2026, upon the payment date of the consent solicitations.

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• In a striking disparity within the industry, Hollywood's top executives experienced a 51% increase in their compensation during 2025, while the sector simultaneously saw the elimination of 17,000 jobs. This highlights a significant divergence between leadership remuneration and workforce stability in the entertainment industry.

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• CBS's "60 Minutes" is undergoing a significant shakeup, with ousted correspondent Cecilia Vega alleging censorship and pressure to inject political bias into her stories. Vega, along with executive producer Tanya Simon and correspondent Sharyn Alfonsi, was fired amidst changes driven by Paramount CEO David Ellison, who acquired The Free Press and mandated a shift in the network's direction.

  Latimes