Business
Skydance closes $110B Warner Bros. Discovery acquisition
October 5, 2026 at 10:31 PM
Coverage
2 reports · 1 in Arabic, 1 in English · over 8 hours
Paramount Skydance is set to complete its roughly $110 billion acquisition of Warner Bros. Discovery, creating a combined company renamed Skydance Corporation.
- The merger takes effect October 6, 2026, after a settlement with 12 US states ended an antitrust lawsuit over the deal.
- CNN chairman Mark Thompson will remain chairman and editor-in-chief, reporting to CEO David Ellison and co-CEO Ynon Kreiz, with CNN and CBS News operating separately.
- The settlement requires a five-year theatrical plan: 30 US films annually for two years, then 32, at least four independent films yearly, and 45-day theatrical windows.
- Casey Bloys will run streaming content, George Cheeks television content, and Dana Goldberg and Josh Greenstein the film businesses.