Paramount and Warner Bros Discovery to Operate as Skydance Post-Merger
Paramount Global and Warner Bros. Discovery are set to merge under the new name Skydance, following a $110 billion deal expected to close on October 6, 2026. The merger will combine major Hollywood studios Paramount+ and HBO Max with networks such as CBS, CNN, MTV, TBS, Comedy Central, and Food Network. CEO David Ellison emphasized that the new identity allows both brands to remain prominent while creating a unified corporate structure. The deal followed an initial attempt by Netflix to acquire Warner Bros.’ streaming assets before broader merger discussions began. The transaction faced legal challenges from twelve states concerned about reduced competition but was approved after a settlement with state attorneys general. Ellison stated that the new name provides “an identity of its own” while preserving both studios' visibility.
Tickers: $WBD
Topics: Media & Entertainment Mergers and Acquisitions Paramount streaming service Warner Bros Discovery