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Paramount completes $110B Warner Bros. merger to form Skydance
The combined company plans $6 billion in cost savings and says the merger will expand streaming scale and content output.
- On Tuesday, Paramount Skydance officially closed its $110 billion acquisition of Warner Bros. Discovery, with the combined company beginning trading on the New York Stock Exchange under ticker SKYD, led by Chairman and CEO David Ellison and Co-CEO Ynon Kreiz.
- Democratic attorneys general from 12 states sued in July to block the merger, alleging it would extinguish competition; the Writers Guild of America followed suit, forcing a September settlement requiring increased U.S. film production and editorial independence boards.
- Skydance carries approximately $87.5 billion in debt according to Fitch Ratings while planning to slash $6 billion in costs over three years, with leadership stating most savings will come from technology integration and real estate consolidation rather than staffing.
- Ellison pledged CNN would maintain "complete editorial independence" and he would shield the network from Trump interference; the settlement established a News Editorial Independence Board for CNN and CBS, with CNN CEO Mark Thompson confirming his continued role as editor-in-chief.
- The merger reduces Hollywood's major studios to four companies—Skydance, Disney, Universal and Sony—further concentrating power in an industry already dominated by few players, with regulatory filings indicating the new ownership will pursue cost cuts including potential layoffs.
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The article Skydance doesn’t want you to see
On Oct. 6, a $111 billion deal closed between Paramount and Warner Bros to create the largest media corporation in all of history, Skydance, which would drastically change the media landscape.Enter Coyote vs. Acme; the film that almost didn’t make it out of a vault in the depths of the Warner Bros basement. After releasing theatrically on Aug. 28, Coyote vs. Acme may have survived, but how many original feel-good stories about exposing corporate…
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Total News Sources829
Leaning Left130Leaning Right99Center195Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 31%
C 46%
R 23%
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