The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

The Skydance-Paramount drama is over, right? Hardly. Skydance can expect a lot more turbulence in the skies ahead. Here are just a few examples to watch for.