Warner Bros Discovery shareholders back $110bn Paramount Skydance merger, reject pay plans
The compensation plan had drawn scrutiny in part due to the potential payout for CEO David Zaslav, who could receive as much as $887 million if the deal is successfully completed
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Published: Apr 24, 2026 1:51 PM | 1 min read
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Shareholders of Warner Bros. Discovery have approved the company’s proposed $110 billion merger with Paramount Skydance, clearing a key hurdle for one of the largest deals in the entertainment industry this decade.
However, as per global news agencies, investors signalled unease over executive compensation tied to the transaction, voting against the proposed pay packages in a non-binding advisory decision.
The compensation plan had drawn scrutiny in part due to the potential payout for CEO David Zaslav, who could receive as much as $887 million if the deal is successfully completed.
With shareholder backing secured, the focus now shifts to regulatory approval. The US Department of Justice has already issued subpoenas seeking details on how the merger could affect studio output, content ownership, streaming competition, and theatrical distribution.
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