The merger brings two of America's oldest moviemaking studios together under the helm of billionaire David Ellison and Ynon Kreiz, in a move that is projected to concentrate power in an industry already run by just a handful of major players Paramount Skydance completed its $110 billion ​takeover of Warner Bros., creating a Hollywood heavyweight called Skydance and handing CEO David ‌Ellison control. Key points and original sources are listed below.

• The merger brings two of America's oldest moviemaking studios together under the helm of billionaire David Ellison and Ynon Kreiz, in a move that is projected to concentrate power in an industry already run by just a handful of major playersS1

• Paramount Skydance completed its $110 billion ​takeover of Warner Bros., creating a Hollywood heavyweight called Skydance and handing CEO David ‌Ellison control. NBC News' Brian Cheung reports on the details of the merger.S2