The deal would combine two major Hollywood studios and bring CBS and CNN under one roof, tightening an already concentrated media landscape, critics say.

An $81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood.

Warner Bros Discovery shareholders on Thursday (Apr 23) backed the company's proposed US$110 billion merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal.Under the pay packages proposed to executives, CEO David Zaslav could receive up to US$887 millio