David Ellison says combined Paramount and Warner Bros.Discovery will be named Skydance
The combined company will keep Paramount and Warner Bros. as sub-brands while Ellison said it aims for a creative-first strategy.
- On Friday, CEO David Ellison announced the combined Paramount and Warner Bros. Discovery entity will be named Skydance, with both studios retaining their identities as sub-brands under the new corporate umbrella.
- The $111 billion merger cleared its final regulatory hurdle on September 30 after a federal judge approved an antitrust settlement with 12 states, paving the way for the deal to close on Tuesday, October 6.
- Skydance will control franchises including Harry Potter, Game of Thrones, Yellowstone, Mission: Impossible, and Top Gun, alongside networks CBS, CNN, MTV, and HBO Max, creating an entertainment portfolio spanning more than 200 years of combined studio history.
- Middle Eastern sovereign wealth funds from Saudi Arabia, Qatar, and the United Arab Emirates will own 38.5% of the company through $24 billion in commitments, while Oracle founder Larry Ellison personally guaranteed $46.7 billion in equity financing.
- David Ellison will serve as chairman and CEO while former Mattel chief Ynon Kreiz joins as co-CEO on October 5, though the combined company faces significant debt projected north of $80 billion after financing the acquisition.
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135 Articles
Combined Paramount-Warner Bros. Company to Be Called Skydance
The company formed by the pending combination of Paramount Skydance and Warner Bros. Discovery will be called Skydance, Paramount Chairman and CEO David Ellison announced Friday. Ellison unveiled the name Friday in his first post on X, days before the companies expect to complete their roughly $110 billion transaction. “Paramount and Warner Bros. shaped over […]
Algemeen Dagblad
destentor.nlNow that the merger between Paramount, Skydance, and Warner Bros. is finally approaching, the new name under which the two film studios will continue has also been revealed. The company will soon be called simply Skydance, CEO David Ellison announced on X.
The new media conglomerate will bring together dozens of TV channels and streaming services, as well as acquire the rights to major film and television franchises.
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