Judge approves Paramount and Warner Bros. Discovery merger

A federal judge approved the settlement between Paramount and Democratic state attorneys general, clearing the final hurdle for the Warner Bros. Discovery deal. The merger is expected to close around Oct. 6, after which Paramount+ and HBO Max are set to combine into one service with over 240 million subscribers projected by 2030.

• A federal judge approved the deal after a lawsuit by Democratic state AGs
• The merger is expected to close around Oct. 6
• Paramount+ and HBO Max will be combined into one streaming service
• Morgan Stanley projects over 240 million subscribers by 2030