Arbitrageurs are betting more heavily on the success of the $110 billion buyout involving Paramount Skydance and Warner Bros. Discovery. Market pricing now reflects an 85% probability that the deal will close, brushing aside the antitrust lawsuit initiated in July by a coalition of state prosecutors headed by California’s Rob Bonta.

Beyond the merger front, the sector is navigating shifting legal landscapes regarding intellectual property. The U.S. government recently intervened in the ongoing dispute between OpenAI and several news organizations, including The New York Times. Federal filings signaled support for the tech firm, asserting that training artificial intelligence models on copyrighted news content constitutes fair use under existing American copyright statutes.