Warner Bros. Discovery Shareholders Overwhelmingly Approve Paramount Megadeal, but Vote Against Exit Pay Packages for Zaslav and Other Execs

By Todd Spangler

Todd Spangler

NY Digital Editor

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• Warner Bros. Discovery Shareholders Overwhelmingly Approve Paramount Megadeal, but Vote Against Exit Pay Packages for Zaslav and Other Execs 50 minutes ago
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As expected, Warner Bros. Discovery shareholders gave the green light to Paramount Skydance‘s $111 billion deal to acquire the media company — moving David Ellison one step closer to controlling a new Hollywood empire. But investors weren’t OK with the lavish golden parachutes that CEO David Zaslav and other WBD top brass are set to receive through the merger.

At the special meeting of WBD shareholders Thursday morning, which was held virtually, investors voted “overwhelmingly” in favor of the Paramount deal, comprising $31 per share in cash for Warner Bros. Discovery, according to WBD.

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