Warner Bros Discovery shareholders have approved the company's $111bn (£82bn) takeover by Paramount in a deal which could drastically alter the media landscape.
The deal will see Skydance owner Paramount take control of all of Warner Bros' titles and channels, which include Harry Potter, Game of Thrones and news network CNN.
With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community, Warner Bros chair Samuel DiPiazza said.
The deal still needs approval from the US Department of Justice and European competition regulators.
The shareholders' backing of the deal follows a dramatic months-long saga, marked by an earlier takeover bid for Warner Bros by Netflix, which the streaming service later withdrew after Paramount submitted a rival, higher offer.
Paramount, looking to transform itself into a Hollywood heavyweight, is backed by tech billionaire Larry Ellison and led by his son David.
Ellison, chief executive and chairman of Paramount and a major Republican donor, is hosting a dinner with Trump on Thursday at the U.S. Institute of Peace in Washington DC.
Hulk actor Mark Ruffalo is expected to join protesters outside the building to demonstrate against what organizers have described as a corruption gala, given the regulatory hurdles still facing the companies. The protesters have also raised concerns about how the Ellisons' ownership of CNN will impact the news network.
Trump has frequently attacked CNN over its reporting, saying in December that he believed the news network should be included in any Warner Bros takeover.
He criticized CNN's leadership as corrupt or incompetent and expressed doubt about their capability to manage the network.
Concerns over CNN's future aside, a slew of actors, directors, and filmmakers have opposed the takeover, arguing it could further harm an already struggling industry.
In April, more than 1,400 Hollywood figures, including Emma Thompson, Ben Stiller, and Javier Bardem, signed a letter warning about its potential impact.
They warned it would result in fewer opportunities for creators, lead to job losses across the production ecosystem, higher costs, and less choice for global audiences.
Paramount has countered these claims by pledging its commitment to talent and ensuring creators have more avenues for their work, not fewer.
As Warner Bros shareholders voted to approve the deal, DiPiazza stated it would unlock the full value of our world-class entertainment portfolio.
If successful, Paramount would integrate Warner Bros' HBO Max streaming customers, as well as take ownership of the Food Network, the Discovery Channel, and various sports offerings.
Paramount's existing networks include well-known brands like Nickelodeon, CBS, and Comedy Central.
The company anticipates finalizing the takeover by September, pending the necessary regulatory approvals.
