// BBC BUSINESS NEWS — FINANZA
From films to streaming prices - how the Warner Bros deal could affect you
Paramount and Warner Bros are coming together to form Skydance
It has been months in the making but Paramount Skydance has finally completed its $110bn (£82.8bn) merger with Warner Bros Discovery.
The deal welds two legacy Hollywood powerhouses, uniting franchises like Harry Potter and Game of Thrones, into an entertainment behemoth named Skydance.
Yet behind this milestone lies strict rules about what the combined business can and cannot do - from how many films it must produce a year to the editorial independence of its newsroom.
Here are four ways this could affect you and the movies, TV and news you watch.
HBO Max is the company behind Euphoria, a series starring Zendaya
Warner Bros owns HBO Max, home to The Sopranos, House of the Dragon and Euphoria among others. Meanwhile, Paramount Skydance has Paramount+, which streams the likes of Yellowstone, Parks and Recreation and NCIS.
Combining HBO Max and Paramount+ into a single platform or bundle will likely squeeze subscribers' wallets over time.
While existing subscribers to both might enjoy short-term savings, analysts expect overall prices to rise as the combined giant seeks profitability.
The merged company, Skydance, carries a massive $80bn in debt from the deal, even as executives target $6bn in annual cost savings.