Skydance Co-CEOs Discuss Post-WBD Acquisition Strategy with CNBC
Paramount Skydance has completed its acquisition of Warner Bros. Discovery, forming a new media giant named Skydance under the leadership of co-CEOs David Ellison and Ynon Kreiz. The combined company includes two major film studios—Paramount and Warner Bros.—the CBS broadcast network, multiple pay TV channels like CNN and MTV, as well as streaming platforms Paramount+ and HBO Max. Ellison will focus on creative vision and long-term strategy while Kreiz oversees integration efforts and daily operations. As part of a legal settlement with state attorneys general over antitrust concerns, Skydance must release at least 30 films annually in 2027 and 2028, increasing to 32 per year by 2031. The company currently has 35 films scheduled for next year. Ellison also plans to merge Paramount+ with HBO Max as the new leadership team prepares to address challenges of managing a vast media portfolio.
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