NEW YORK — An US$81 billion (S$103.6 billion) Warner-Paramount mega merger has received shareholders' stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line.

On Thursday (April 23), Warner Bros Discovery said the overwhelming majority of its stakeholders voted in support of selling Paramount for US$31 a share. 

Including debt, the deal is valued at nearly US$111 billion based on Warner's current outstanding shares.

Paramount, which was bought by Skydance just last year, wants all of Warner. 

That means HBO Max, cult-favourite titles like Harry Potter and even CNN could soon find themselves under the same roof with CBS, Top Gun and the Paramount+ streaming service.

David Zaslav, CEO of Warner Bros Discovery, said in a statement that stockholder approval marks "another key milestone toward completing this historic transaction". 

Paramount added that it looks forward to closing in the coming months, and "realising the creation of a next-generation media and entertainment company".