An $81 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, Warner Bros. Discovery said the overwhelming majority of its stakeholders voted in support of selling Paramount for $31 a share. Including debt, the deal is valued at nearly $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-favorite 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 “realizing the creation of a next-generation media and entertainment company.”

It’s not a done deal quite yet. The acquisition still faces ongoing regulatory reviews. Many critics have decried further consolidation in an industry already controlled by just a few major players, and are calling for the merger to be blocked — if not from the Trump administration, which so far seems unlikely, perhaps at the state level or through other court fights both in the U.S. and abroad.

Meanwhile, Warner shareholders rejected a separate measure Thursday outlining post-merger payments for company executives.

The merger would bring together two of Hollywood’s five remaining legacy studios. It would also join two major streaming platforms (Paramount+ and HBO Max) and two big names in America’s TV news landscape (CBS and CNN) — as well as a heap of other brands and entertainment networks.