According to Reuters, Warner Bros. agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday, with Paramount Skydance agreeing to pay a $7 billion termination fee if federal regulators don’t approve the merger.

Producers Jason Blum, Jerry Bruckheimer, Mara Brock Akil and others express a range of opinions on the latest media mega merger at the PGA Awards.

Only five of Skydance's features to date — three of them starring Tom Cruise — have generated more than $200 million domestically.

It's a come-from-behind story fit for Hollywood itself. Skydance's unlikely triumph in the battle for Warner Bros.

After the board of Warner Bros. Discovery Inc. concluded a meeting Thursday afternoon, chief executive David Zaslav called David Ellison and Ted Sarandos to let them know the results. The board had deemed Ellison and Paramount Skydance Corp. ’s latest bid superior to that of Netflix Inc. and Sarandos.

State attorneys general. Foreign approvals. Consumer lawsuits. Even without the Justice Department stepping in, Paramount still faces several roadblocks to completing its acquisition of