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Analysis

Paramount and Warner Bros' deal is about merging studios, and a whole lot more

03:25
Paramount CEO David Ellison arrives with Sen. Lindsey Graham, R-S.C., before President Donald Trump delivers the State of the Union in the House chamber at the U.S. Capitol in Washington, Tuesday, Feb. 24, 2026. (AP)
Paramount CEO David Ellison arrives with Sen. Lindsey Graham, R-S.C., before President Donald Trump delivers the State of the Union in the House chamber at the U.S. Capitol in Washington, Tuesday, Feb. 24, 2026. (AP)

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