News Summary

• Paramount Skydance has completed its $110bn (£82.8bn) merger with Warner Bros Discovery.
• The deal welds two legacy Hollywood powerhouses, uniting franchises like Harry Potter and Game of Thrones.
• But behind this milestone lies strict rules about what the combined business can and cannot do - from how many films it must produce a year to the editorial independence of its newsroom.
• Here are four ways this could affect you and the movies, TV and news you watch.
• Streaming prices may rise.