Warner Bros. Discovery stockholders voted overwhelmingly at a Special Meeting held today to approve the company’s pending merger with Paramount Skydance Corporation, clearing a critical procedural threshold in one of the largest media consolidations in recent memory.

Samuel A. Di Piazza, Jr., Chair of the WBD Board of Directors, framed the result as a mandate to extract value from the combined entity’s content libraries and distribution assets. President and CEO David Zaslav, who has spent four years restructuring WBD following its own 2022 formation from the WarnerMedia-Discovery merger, called the vote “another key milestone toward completing this historic transaction.”