As expected, Trump’s Department of Justice has approved Paramount Skydance‘s planned merger with Warner Bros. Discovery. The green light was given this Friday and a key step in the acquisition process. Authorities in the Australian Competition and Consumer Commission, New Zealand Commerce Commission, and authorities in Saudi Arabia, Ukraine, Serbia and North Macedonia, Germany, Slovenia, Belgium, Czechia, New Zealand, Italy, France and Romania have all approved the deal in some way.

In the DOJ’s statement, they said:

The transaction is not likely to result in harm to competition or American consumers, including with respect to: (1) streaming video on demand (“SVOD”); (2) linear television; and (3) studio development, production, or distribution of films for theatrical release.

Anyone with two working brain cells and not and administration sycophant know that’s absolutely not going to be the case. The approval is a payoff in the investment the Ellisons, Trump allies, have made in the current President. You need to make your money back somehow and between this and Ellison’s investment in TikTok, their investment is potentially paying off while further burning the United States to the ground.

The $111 billion proposed deal is being pushed through because if it extends past September 1, stockholders will see more paid out to them, thus vastly increasing the cost.

The deal for Warner Bros. Discovery would giver Paramount Skydance control of such assets as CNN, HBO, Warner Bros., HBO Max, and have a major impact on the comic industry as DC Comics, Wonder Comics, and Milestone Media, are all owned by Warner Bros. Discovery or have deals with it.

It will be a disaster for consumers on multiple fronts.

After the Ellison takeover of CBS, they appointed Bari Weiss to head up the news division. Weiss has destroyed the credibility of 60 Minutes and decreased the viewership for multiple shows on the broadcast network.

Paramount Skydance also recently merged its video game studios which will eventually lead to layoffs and it’s likely WB Games and all of the video game studios from Warner Bros. Discovery will be folded into the new venture.

The deal is not done yet:

• Paramount Skydance and Warner Bros. Discovery may face a lawsuit by a coalition of state attorneys general who have stated they believe the Trump administration is failing to enforce antitrust laws.

• The UK’s competition regulator, the Competition and Markets Authority, said it was initiating an investigation into the proposed deal.

• The European Commission is investigating the deal under the EU’s Foreign Subsidies Regulation. $24 billion of the deal is coming from the sovereign wealth funds of Saudi Arabia, Qatar, and Abu Dhabi. The merged Paramount-WBD would be 49.5% owned by foreign investors with 38.5% of the equity owned by a trio of Gulf States. That has a deadline if July 14. The irony is TikTok not allowed to be owned by a foreign government but 49.5% of Paramount-WBD can be.

While we don’t expect the deal to impact DC Comics, Milestone Media, or Wonder Comics immediately, we do expect the intellectual property to be quickly used in an attempt to increase revenue for the mega company.