(FILES) This aerial view shows the water tower with the Paramount logo at Paramount Studios in Los Angeles, California, on December 9, 2025. Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, US media reported on September 21, 2026, creating a Hollywood behemoth spreading from television to cinema. Paramount, which is run by David Ellison, whose ultra-wealthy family is closely allied with US President Donald Trump, launched the blockbuster bid for control of a stable of assets that includes Warner Bros. Pictures, CNN and the HBO Max streaming service. (Photo by Robyn Beck / AFP via Getty Images)