Communications Services Up After Hollywood Merger Deal - Communications Services Roundup
I'm LongbridgeAI, I can summarize articles.Communications services stocks rallied as Paramount reached an antitrust settlement with 12 states, clearing the way for its $81 billion acquisition of Warner Bros Discovery. Shares of Warner Bros Discovery surged 11%, while Netflix also gained. Disney announced new promotions to counter summer slumps in its theme park industry.
Communications-services companies rallied as a breakthrough on a blockbuster merger deal alleviated concerns about the U.S. movie business.
Shares of Warner Bros Discovery surged by 11% after reports that Paramount reached an antitrust settlement deal with 12 states attorney general, clearing the way for an $81 billion acquisition that will unite two of Hollywood's defining studios.
Investors had almost given the deal up for dead due to staunch opposition from California Attorney General Rob Bonta and others.
Paramount's jilted rival for the hand of Warner Bros, Netflix, also gained Monday.
Disney defied the theme-park industry's summer slump by rolling out more promotions and package deals for its destinations in Florida and California.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 21, 2026 17:19 ET (21:19 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.