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Paramount completes $110B Warner Bros. merger to form Skydance
- On Tuesday, October 6, 2026, Skydance, led by Chairman and CEO David Ellison, completed its acquisition of Warner Bros. Discovery, Inc. , creating a combined media conglomerate that Ellison called a "historic day."
- Following months of regulatory review, the $111 billion merger unites Paramount Pictures and Warner Bros. Pictures, both with over a century of history spanning the U.S. and Europe.
- Investors provided $47 billion in new equity led by the Ellison Family and RedBird Capital Partners, who remain sole holders of Paramount Class A Common Stock including all voting shares.
- Ynon Kreiz, the incoming Co-CEO, joins Ellison to lead the combined company, targeting at least $6 billion in run-rate synergies over the next three years.
- Skydance Class B shares began trading today on the New York Stock Exchange under ticker symbol "SKYD," while WBD common stock ceased trading on the Nasdaq Exchange effective immediately.
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The new group will be called Skydance Corporation - The new corporate structure will include, among others, HBO, CBS, Nickelodeon, Showtime, Comedy Central, DC Studios and Food Network
·Marousi, Greece
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David Ellison has built a Hollywood giant in Skydance. Now he wants to make it a tech company
By Brian Stelter, Clare Duffy, CNN (CNN) — The mega-merger of Paramount and Warner Bros. Discovery, which took effect on Tuesday, symbolizes Big Tech’s ascendance in Hollywood.It also represents an opportunity for the newly combined company, Skydance, to take cues from tech companies and transform the entertainment industry.Tech is a big part of Skydance’s sales
·Panama City, United States
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The controversial takeover of Warner Brothers by Paramount has been completed. Twelve states had unsuccessfully sued the 111 billion dollar merger.
·Germany
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Total News Sources87
Leaning Left23Leaning Right6Center25Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 43%
C 46%
11%
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