Paramount completes $110B Warner Bros. merger to form Skydance
The combined company will trade on the New York Stock Exchange as SKYD and targets $6 billion in cost savings within three years, the company said.
- 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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Billionaire David Ellison, known for his close ties to the Trump administration, now owns Skydance, which owns Batman, The Godfather, and Game of Thrones. The deal is expected to shake up the entire industry.
Paramount completes WBD acquisition, becomes media powerhouse Skydance
Paramount Skydance has completed its A$160b acquisition of Warner Bros Discovery and has rebadged the combined media conglomerate Skydance. The blockbuster deal sees the combination of two major Hollywood studios — Paramount Pictures and Warner Bros Pictures — plus DC Studios (owners of the Batman and Superman franchises); news networks CBS and CNN; streaming services […]
Paramount Skydance has completed its acquisition of Warner Bros. Discovery, of which TVN is a part. The new company has been renamed Skydance. "Now we're focused on the future: building a company that supports creators, entertains audiences, and delivers value to shareholders. We can't wait to get to work," said Skydance CEO David Ellison.
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