Business
Paramount and Warner Bros complete $81bn merger, creating new Hollywood giant Skydance
October 7, 2026 at 10:00 AM
Paramount Skydance Corp has completed its $81 billion acquisition of Warner Bros Discovery, uniting the two studios under one corporate roof.
- Paramount Skydance Corp completed its $81 billion acquisition of Warner Bros Discovery, forming a new company named Skydance.
- David Ellison will lead the combined company alongside new co-CEO Ynon Kreiz.
- HBO Max and Paramount+ will merge into a single streaming service, though no timeline has been disclosed.
- State attorneys general dropped their lawsuit after Skydance committed to 30 film releases annually for two years and 32 for the following three.