The European Commission has approved Paramount Skydance's takeover of Warner Bros. Discovery, with conditions attached when it comes to film distribution operations.

The U.S. Department of Justice's antitrust division has wrapped its investigation into the acquisition of Warner Bros. Discovery by Paramount Skydance, determining that it doesn't harm competition or American consumers across SVOD, linear, and content distribution and production.

The gaming studios at Paramount and Skydance, including Skydance Interactive and Skydance New Media, are being unified under a single Paramount Games Studio segment, led by Tony Driscoll as president.

Warner Bros. Discovery shareholders have voted "overwhelmingly" in favor of the sale to Paramount Skydance.

As it looks to deepen fan engagement around its properties, Paramount has launched a global publishing imprint.