started · updated
Skydance completes $111 billion merger of Paramount and Warner Bros. Discovery
Paramount Skydance has officially completed its $111 billion acquisition of Warner Bros. Discovery, creating a new media conglomerate named Skydance Corporation. The deal, which includes significant debt, consolidates major entertainment assets including Paramount Pictures, Warner Bros., HBO, CBS, CNN, and DC Studios under a single corporate entity.
David Ellison will serve as chairman and CEO, with Ynon Kreiz acting as co-CEO. The company plans to unify its streaming services, such as Paramount+ and HBO Max, into a single platform over time. To address antitrust concerns raised by several U.S. state attorneys general, Skydance has committed to specific guardrails, including an annual release of at least 30 films and the establishment of a News Editorial Independence Board to monitor CNN and CBS News.
The merger aims to achieve $6 billion in cost synergies over the next three years and marks a significant consolidation in the Hollywood landscape, bringing together iconic franchises like Harry Potter, Game of Thrones, and Mission: Impossible.
Entities
David Ellison · Netflix · Paramount · Paramount Global · Skydance · Skydance Corporation · Warner Bros. Discovery · Ynon Kreiz
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 19 SOURCES] The merger is expected to close on October 6, 2026. media-innovation.jp · www.comicsuniverse.it · film.wp.pl · www.hwupgrade.it · incomemagazine.ro · +5 more
- [● 15 SOURCES] Ynon Kreiz has been appointed co-CEO of the combined company. film.wp.pl · www.sbctv.gr · www.diarioestrategia.cl · epgrupo.com.br · www.extra.ec · +3 more
- [● 3 SOURCES] The new company will use the stock ticker symbol SKYD. media-innovation.jp · incomemagazine.ro · www.extra.ec
- [● 9 SOURCES] The merger follows the resolution of antitrust lawsuits filed by 12 US state attorneys general. epgrupo.com.br · smartportal.mk · incomemagazine.ro · www.digital-news.it
- [● 23 SOURCES] The merged entity will be named Skydance. www.comicsuniverse.it · media-innovation.jp · film.wp.pl · www.hwupgrade.it · www.cnnbrasil.com.br · +7 more
- [● 16 SOURCES] The merger involves an enterprise value of approximately $110 billion. media-innovation.jp · www.hwupgrade.it · www.comicsuniverse.it · incomemagazine.ro · smartportal.mk · +3 more
- [● 7 SOURCES] James Gunn and Peter Safran will continue to lead DC Studios. www.comicsuniverse.it · www.sbctv.gr · epgrupo.com.br
- [● 2 SOURCES] WBD common stock will be converted into cash at $31.00 per share plus a daily accrual.
- [● 2 SOURCES] Josh Greenstein and Dana Goldberg will oversee both Paramount Pictures and Warner Bros. film studios. film.wp.pl
- [● 17 SOURCES] David Ellison will serve as Chairman and CEO of the new company. www.sbctv.gr · www.cnnbrasil.com.br · www.comicsuniverse.it · www.diarioestrategia.cl · www.digital-news.it · +6 more
- [● 2 SOURCES] David Ellison and Ynon Kreiz will serve as co-CEOs of the new company.
- [● 3 SOURCES] The merger between Paramount and Warner Bros. Discovery has officially closed.