Skydance completes $110bn merger of Paramount and Warner Bros Discovery
October 6, 2026 at 02:05 PM · Updated 10d ago
Coverage
8 reports · over 9 hours
CNN, CBS News now under one roof as Paramount-Warner Bros merger closes
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Watch: What the Paramount and Warner Bros deal means for you
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David Ellison backs CNN’s Trump lawsuit, pledges editorial independence
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Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance
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Paramount closes historic Warner Bros. merger to form Skydance
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David Ellison has built a Hollywood giant in Skydance. Now he wants to make it a tech company
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From films to streaming prices - how the Warner Bros deal could affect you
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Paramount takes over Warner Bros in $110bn Hollywood merger
(opens the publisher’s site)The merger of Paramount Skydance and Warner Bros Discovery took effect Tuesday, uniting two Hollywood studios under the new Skydance Corporation.
- Paramount Skydance completed its $110bn takeover of Warner Bros Discovery, forming Skydance Corporation with more than 200 million streaming subscribers.
- David Ellison said the deal creates a stronger competitor with the talent, resources, and reach to serve audiences across every platform.
- Under the settlement with US states, Skydance must release 30 films annually for two years, rising to 32, with a majority as wide releases.
- The agreement establishes a news editorial independence board, appointed by Paramount, to govern reporting at CNN and CBS.
- The combined company will operate Paramount+ and HBO Max alongside the networks CBS, CNN, and MTV.
- Skydance gained control of franchises including The Lord of the Rings and the DC Universe through the merger.
- Skydance Class B shares began trading on Tuesday under the ticker symbol 'SKYD' following the merger.
- David Ellison will lead Skydance Corporation alongside former Mattel CEO Ynon Kreiz as co-executive.
- Under the merger settlement, Skydance must release more than 180 television shows annually.
- David Ellison said he supports CNN's lawsuit against the Trump administration over White House access and pledged not to interfere in editorial decisions.
- Skydance Corporation carries roughly $80bn in debt as it moves to cut costs and expand its streaming footprint.