Paramount agrees to delay closing its Warner Bros buyout for months while judge considers challenge

Paramount Skydance agreed to freeze its merger with rival Hollywood studio Warner Bros.

Discovery to halt their $81 billion merger for at least two weeks.

A Warner-Paramount merger would bring together two of the five last legacy studios in Hollywood, as well as a host of TV networks, titles filling streaming libraries and news operations.

Discovery, will be delayed for many months, and potentially well into 2027, due to pending lawsuits by state attorneys general and the Writers Guild of America.