Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery closed on October 6, 2026, after surviving U.S. and European regulatory review, a failed challenge from the Writers Guild and 12 state attorneys general, and a last-minute Supreme Court appeal denied by Justice Kagan. David Ellison now controls Paramount Pictures, Warner Bros. Pictures, Paramount Plus, HBO Max, CNN and CBS News, and has set aside $47.5 million for affected workers while adding Laurene Powell Jobs and Bobby Kotick to the board, with Tony Blair as advisor. Michael DeLuca and Pamela Abdi, who headed Warner Bros. Pictures, are out. The discussion has moved to the financing: Ellison closed 14 loans to raise $52 billion at rates up to 9.125 percent, adding $250…