Up First from NPR

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Trump's Iran Negotiations, Entertainment Mergers, NBA finals

Explore episode Jun 13, 2026

Where this was said

Hollywood's Biggest Merger Gets Washington's Full Blessing

At 8:24 · chapter starts 6:32

David Folkenflik takes the anchor chair for the media story of the year: the DOJ's Antitrust Division has signed off on Paramount's $111 billion bid for the much larger Warner Bros. Discovery without imposing a single condition. The deal combines Paramount+ with HBO, CBS with CNN, and two of Hollywood's last remaining legacy studio empires — a combination Folkenflik describes as the biggest like-for-like merger in the industry's history. The DOJ's rationale was that in the streaming era, the relevant competitive market has exploded: Netflix, Apple, Amazon Prime Video, and others provide ample competition. That argument may be legally defensible, but the sheer scale of the consolidation — and the fact that zero divestitures were required — still struck observers as remarkable.

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