<p><span>Two entertainment companies, Paramount and Skydance, are planning  to merge. </span><br><span>I'm Margie Szaroleta with the latest. </span><br><span>If regulators approve, the combined company of Paramount and Skydance will be valued at around $28 billion. </span><br><span>It would be called New Paramount. </span><br><span>The deal is expected to close in September 2025. </span><br><span>Paramount has been around since 1914 and is </span><span><u>responsible for such films</u></span><span> as The Godfather and Raiders of the Lost Ark. Skydance was founded in 2010 and has worked with Paramount on Top Gun: Maverick and the Mission Impossible movies. </span><br><span>Executives said in a conference call on Monday that the goals of New Paramount include rebuilding the Paramount+ </span><span><u>streaming service</u></span><span> and </span><span><u>addressing the declining growth</u></span><span> of <u>linear television.</u></span></p>
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