The biggest entertainment merger in years is on the clock. Paramount Skydance Watch is your daily briefing on the $110 billion Paramount-Skydance acquisition and the separate Warner Bros. Discovery deal — two seismic transactions reshaping Hollywood, cable news, and streaming in real time. Every episode tracks where the antitrust fight actually stands: DOJ merger review, the multistate attorneys-general lawsuit, EU regulatory clearance, and the UK CMA timeline. We separate filed complaints from actual rulings, regulator findings from commentator speculation, and breaking scoops from recycled takes. On the deal economics side, we follow the ticking fee, the debt load, the HBO Max subscriber math, CNN's uncertain future, and what happens to the Warner studio library if the merger closes — or collapses — by the September 30 deadline. Sources are always named. Allegations are always labeled. If a court filing says one thing and a spokesperson says another, you'll hear both. Built for media-industry professionals, antitrust attorneys, business journalists, and serious investors who need clarity, not noise, on the most consequential media consolidation of the decade.