{"id":517356,"date":"2026-11-03T17:54:10","date_gmt":"2026-11-03T17:54:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/517356\/"},"modified":"2026-11-03T17:54:10","modified_gmt":"2026-11-03T17:54:10","slug":"paramount-warner-bros-110-billion-merger-reshapes-hollywood","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/517356\/","title":{"rendered":"Paramount-Warner Bros. $110 Billion Merger Reshapes Hollywood"},"content":{"rendered":"

Plus, Victoria\u2019s Secret Fashion show returns to L.A. and the sixth annual Academy Museum Gala raises over $14 million<\/p>\n

Sightings, hearings and happenings around town, brought to you by Engine Vision Media \u2014 behind Los Angeles, Pasadena and Orange Coast magazines and historic Downtown L.A. restaurant Engine Co. No. 28. Email your tips to\u00a0[email\u00a0protected]<\/a><\/p>\n

Following months of disputes and controversy, Paramount and Warner Bros. Discovery have officially merged to form a combined entertainment company called Skydance.<\/p>\n

The $110 billion deal brings together the fortunes of two major film studios, CBS, HBO, two global streaming platforms, CBS News, CNN, extensive cable networks, live sports and major franchises, including Top Gun, Harry Potter and the DC Universe.<\/p>\n

The road to the merger, led by David Ellison, was long and hard-fought, with lawsuits from 12 U.S. states, including California. After months of negotiations, Paramount reached a settlement with the states in late September.<\/p>\n

California Attorney General Rob Bonta said the agreement would ensure investment in U.S. film production and establish guardrails to keep the industry competitive.<\/p>\n

\u201cLet me be clear: This settlement is not a vote of support for this merger,\u201d Bonta said in a statement on Sept. 21, adding that the agreement addresses antitrust concerns and protects competition, consumer choice and workers.<\/p>\n

Ellison serves as chairman and CEO alongside co-CEO Ynon Kreiz, former Mattel chairman and CEO. Warner Bros. Pictures Group co-chairs and co-CEOs Michael De Luca and Pamela Abdy are among those axed in the merger.<\/p>\n

\"Skydance,<\/p>\n

Have Questions? Get Answers!<\/p>\n

Scroll to continue reading<\/p>\n

The company\u2019s future remains uncertain, with previous reports projecting thousands of job losses.<\/p>\n

In a memo to employees titled \u201cDay 1,\u201d Ellison and Kreiz alluded to potential cost-cutting measures while vowing to build a global entertainment company that \u201cputs audiences first, empowers creators, embraces innovation and creates lasting value for generations to come.\u201d<\/p>\n

Center Stage\u00a0<\/p>\n

\"\"Kylie Jenner walks the runway for the Victoria\u2019s Secret Fashion Show 2026 on October 18, 2026 in Los Angeles, California. Credit: Photo by Kevin Mazur\/Getty Images for Victoria\u2019s Secret<\/p>\n

Last held in Los Angeles 19 years ago, the Victoria\u2019s Secret Fashion Show <\/a>returned to the West Coast on Sunday, Oct. 18 in all its pink and glittery glory. Fashionistas, models and lingerie fans flocked to Sony Pictures Studios for the 2026 event that also streamed live.<\/p>\n

L.A. brought the star power: Sitting runway-side were Nicole Kidman, Timoth\u00e9e Chalamet, Kris Jenner, Lisa Rinna, Patrick Schwarzenegger, Maria Shriver, Dylan Sprouse and Vanessa Bryant.\u00a0<\/p>\n

Many Victoria\u2019s Secret Angels returned for the occasion \u2014 including Alessandra Ambrosio (who celebrated her 20th show), Adriana Lima, Rosie Huntington-Whiteley, Bella Hadid and Gigi Hadid. Performers Megan Moroney, Tate McRae, KATSEYE and Megan Thee Stallion delivered with their fashion as much as their energetic numbers.<\/p>\n

During the show, Ad\u00e9la\u2019s song \u201cNicole Kidman\u201d played for a bashful Kidman, who doubled over with laughter. And Kylie Jenner made her VS runway debut, modeling a $50 million Fantasy Bra designed by Jacob & Co. with more than 4,410 diamonds.\u00a0<\/p>\n

Seen Around Town\u2026<\/p>\n

\"\"Taylor Swift performs onstage during the Academy Museum 6th Annual Gala in Partnership with Rolex at Academy Museum of Motion Pictures on Oct. 17 in Los Angeles, California. Credit: Photo by Emma McIntyre\/Oscars\/Getty Images for Academy Museum Foundation<\/p>\n

The cast of Fox sitcom New Girl \u2014 Zooey Deschanel, Max Greenfield, Jake Johnson, Lamorne Morris, Hannah Simone and Damon Wayans Jr. \u2014 reunited at the Chrysalis Butterfly Ball, which raised $2.7 million to support individuals overcoming barriers to employment.\u00a0\u00a0<\/p>\n

Jewelry fans Zoey Deutch, Charles Melton and Lauren Harrier ventured to Orange County for a black-tie dinner prepared by chef Daniel Boulud celebrating Tiffany & Co.\u2019s new South Coast Plaza store<\/a> and Blue Box Caf\u00e9, capped by a performance by San Jose native Ashe.<\/p>\n

The Palm Springs International Film Festival (PSIFF) held its inaugural Palm Springs Honors at Soho House West Hollywood, where Ron Howard and Brian Grazer received the Harold Matzner Distinguished Achievement Award from film historian Leonard Maltin.<\/p>\n

And Taylor Swift serenaded the starry crowd at the sixth annual Academy Museum gala <\/a>\u2014 which honored John Carpenter, Colman Domingo and Charlize Theron, and raised more than $14 million to support the museum\u2019s exhibits, education initiatives and public programming.<\/p>\n

State of the Art<\/p>\n

\"GeorgeCredit: Kevin Mazur\/Getty Images for Lucas Museum of Narrative Art<\/p>\n

When he took the stage at the star-studded opening of the Lucas Museum of Narrative Art<\/a> \u2014 alongside museum co-founder Mellody Hobson and event co-chairs including Greta Gerwig, Queen Latifah, Sir Lewis Hamilton, Steven Spielberg, Guillermo del Toro and Pharrell Williams \u2014 filmmaker George Lucas (above) discussed the polarizing idea \u201cthat illustration is an art form.\u201d \u201cArt is in the eye of the beholder,\u201d he insisted. \u201cIf it is emotional to you, then it is art. You get to decide what art is.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Plus, Victoria\u2019s Secret Fashion show returns to L.A. and the sixth annual Academy Museum Gala raises over $14…\n","protected":false},"author":2,"featured_media":517357,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[11496,49039,48,52,51,47,50,49,197591,10234,198528],"class_list":["post-517356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-academy-museum-of-motion-pictures","tag-kylie-jenner","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-november-2026","tag-taylor-swift","tag-victorias-secret"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/517356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=517356"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/517356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/517357"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=517356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=517356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=517356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}