Paramount, Warner Bros. Discovery to become Skydance post-merger
Paramount and Warner Bros. Discovery will operate under the name Skydance once their merger closes, as announced by CEO David Ellison. The roughly $110 billion deal is expected to close on October 6, combining major studios, streaming services like Paramount+ and HBO Max, and networks including CBS, CNN, MTV, and more. The merger follows legal challenges from twelve states, but a judge approved a settlement this week. Ellison emphasized that the Paramount and Warner Bros. brands will remain central, with Skydance providing a distinct corporate identity while the studios retain prominence.
- •Paramount and Warner Bros. Discovery will operate as Skydance post-merger.
- •The deal is valued at roughly $110 billion.
- •The merger is expected to close on October 6.
