public final class Observable<Value> {
    
    private var closure: ((Value) -> ())?

    public var value: Value {
        didSet { closure?(value) }
    }

    public init(_ value: Value) {
        self.value = value
    }

    public func observe(_ closure: @escaping (Value) -> Void) {
        self.closure = closure
        closure(value)
    }
}

final class ExampleViewController: UIViewController {
    
    private var viewModel: MoviesListViewModel!
    
    private func bind(to viewModel: ViewModel) {
        self.viewModel = viewModel
        viewModel.items.observe(on: self) { [weak self] items in
            self?.tableViewController?.items = items
            // Important: You cannot use viewModel inside this closure, it will cause retain cycle memory leak (viewModel.items.value not allowed)
            // self?.tableViewController?.items = viewModel.items.value // This would be retain cycle. You can access viewModel only with self?.viewModel
        }
        // Or in one line
        viewModel.items.observe(on: self) { [weak self] in self?.tableViewController?.items = $0 }
    }
    
    override func viewDidLoad() {
        super.viewDidLoad()
        bind(to: viewModel)
        viewModel.viewDidLoad()
    }
}

protocol ViewModelInput {
    func viewDidLoad()
}

protocol ViewModelOutput {
    var items: Observable<[ItemViewModel]> { get }
}

protocol ViewModel: ViewModelInput, ViewModelOutput {}

// Step 1: Define delegate and add it to first ViewModel as weak property
protocol MoviesQueryListViewModelDelegate: class {
    func moviesQueriesListDidSelect(movieQuery: MovieQuery)
}
...
final class DefaultMoviesQueryListViewModel: MoviesListViewModel {
    private weak var delegate: MoviesQueryListViewModelDelegate?
    
    func didSelect(item: MoviesQueryListViewItemModel) { 
        // Note: We have to map here from View Item Model to Domain Enity
        delegate?.moviesQueriesListDidSelect(movieQuery: MovieQuery(query: item.query))
    }
}

// Step 2:  Make second ViewModel to conform to this delegate
extension MoviesListViewModel: MoviesQueryListViewModelDelegate {
    func moviesQueriesListDidSelect(movieQuery: MovieQuery) {
        update(movieQuery: movieQuery)
    }
}

// MoviesQueryList.swift
// Step 1: Define action closure to communicate to another ViewModel, e.g. here we notify MovieList when query is selected
typealias MoviesQueryListViewModelDidSelectAction = (MovieQuery) -> Void

// Step 2: Call action closure when needed
class MoviesQueryListViewModel {
    init(didSelect: MoviesQueryListViewModelDidSelectAction? = nil) {
        self.didSelect = didSelect
    }
    func didSelect(item: MoviesQueryListItemViewModel) {
        didSelect?(MovieQuery(query: item.query))
    }
}

// MoviesQueryList.swift
// Step 3: When presenting MoviesQueryListView we need to pass this action closure as paramter (_ didSelect: MovieQuery) -> Void
struct MoviesListViewModelActions {
    let showMovieQueriesSuggestions: (@escaping (_ didSelect: MovieQuery) -> Void) -> Void
}

class MoviesListViewModel { 
    var actions: MoviesListViewModelActions?

    func showQueriesSuggestions() {
        actions?.showMovieQueriesSuggestions { self.update(movieQuery: $0) } 
        //or simpler actions?.showMovieQueriesSuggestions(update)
    }
}

// FlowCoordinator.swift
// Step 4: Inside FlowCoordinator we connect communication of two viewModels, by injecting actions closures as self function
class MoviesSearchFlowCoordinator {
    func start() {
        let actions = MoviesListViewModelActions(showMovieQueriesSuggestions: self.showMovieQueriesSuggestions)
        let vc = dependencies.makeMoviesListViewController(actions: actions)  
        present(vc)
    }

    private func showMovieQueriesSuggestions(didSelect: @escaping (MovieQuery) -> Void) {
        let vc = dependencies.makeMoviesQueriesSuggestionsListViewController(didSelect: didSelect)
        present(vc)
    }
}

New Project -> Create Project… -> Cocoa Touch Framework

// Define Dependencies protocol for class or struct that needs it
protocol MoviesSearchFlowCoordinatorDependencies  {
    func makeMoviesListViewController() -> MoviesListViewController
}

class MoviesSearchFlowCoordinator {
    
    private let dependencies: MoviesSearchFlowCoordinatorDependencies

    init(dependencies: MoviesSearchFlowCoordinatorDependencies) {
        self.dependencies = dependencies
    }
...
}

// Make the DIContainer to conform to this protocol
extension MoviesSceneDIContainer: MoviesSearchFlowCoordinatorDependencies {}

// And inject MoviesSceneDIContainer `self` into class that needs it
final class MoviesSceneDIContainer {
    ...
    // MARK: - Flow Coordinators
    func makeMoviesSearchFlowCoordinator(navigationController: UINavigationController) -> MoviesSearchFlowCoordinator {
        return MoviesSearchFlowCoordinator(navigationController: navigationController,
                                           dependencies: self)
    }
}

// Define makeMoviesListViewController closure that returns MoviesListViewController
class MoviesSearchFlowCoordinator {
   
    private var makeMoviesListViewController: () -> MoviesListViewController

    init(navigationController: UINavigationController,
         makeMoviesListViewController: @escaping () -> MoviesListViewController) {
        ...
        self.makeMoviesListViewController = makeMoviesListViewController
    }
    ...
}

// And inject MoviesSceneDIContainer's `self`.makeMoviesListViewController function into class that needs it
final class MoviesSceneDIContainer {
    ...
    // MARK: - Flow Coordinators
    func makeMoviesSearchFlowCoordinator(navigationController: UINavigationController) -> MoviesSearchFlowCoordinator {
        return MoviesSearchFlowCoordinator(navigationController: navigationController,
                                           makeMoviesListViewController: self.makeMoviesListViewController)
    }
    
    // MARK: - Movies List
    func makeMoviesListViewController() -> MoviesListViewController {
        ...
    }
}