Hollywood is bracing for its biggest shake-up yet. Warner Bros. Discovery (WBD) has officially scheduled a special shareholder meeting for April 23, 2026. This pivotal session will allow investors to vote on the proposed $110 billion merger with Paramount Skydance Corporation, a deal that could redefine the future of streaming and cinema.

The terms of the definitive merger agreement are massive. Paramount Skydance plans to acquire WBD for $31.00 per share in cash. According to reports from Reuters and PR Newswire, the boards of directors for both media giants have already given the deal their unanimous approval, signaling a unified front as they head toward the final stages of the transaction.

While the shareholder vote is a major hurdle, the finish line is in sight. If the merger receives the necessary regulatory and investor nods, the companies expect to finalize the transaction in the third quarter of 2026. This multi-billion dollar union would bring some of the world’s most famous entertainment franchises under one unified banner.