The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.

Paramount Skydance defeated Netflix in the battle to acquire Warner Bros. Discovery, committing $111 billion for the merger.

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.

A coalition of state attorneys general led by California is preparing a lawsuit to challenge the merger.