Paramount completes $110B Warner Bros. merger to form Skydance
The combined company starts trading as SKYD with more than 200 million streaming subscribers and targets $6 billion in cost savings within three years.
- 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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It's official: Skydance, the owner of Paramount, has closed its takeover of Warner Bros. Discovery for $81 billion.
From HBO Max to Harry Potter, here’s what’s now under the Skydance umbrella
Skydance-owned Paramount on Tuesday closed its $81 billion takeover of Warner Bros. Discovery, ushering in a new Hollywood giant. Skydance Corp. emerges from one of the biggest mergers ever — $111 billion including debt — in the media and entertainment industry. Here's a list of some of the films and shows owned by Skydance, followed by the studios and production houses that created them, now all under the same umbrella.
Paramount completes takeover of Warner Bros, creating media behemoth Skydance
Paramount completed its acquisition of Warner Bros Discover on Tuesday, after a bidding war against Netflix. The deal closed following federal approval of a settlement between Paramount and 12 US states that tried to block the transaction on antitrust grounds. Opponents in the movie industry warned of job cuts, while media groups said Warner-owned CNN's independence could be compromised.
Paramount completes its takeover of Warner Bros to become one Hollywood giant known as Skydance - Boston News, Weather, Sports
CHICAGO (AP) — It’s official: Skydance-owned Paramount closed its $81 billion takeover of Warner Bros. Discovery on Tuesday, ushering in a new Hollywood giant.The merger
Paramount has confirmed this Tuesday the closing of Warner Bros acquisition, thus completing the transaction agreed last February, with an amount of approximately 110 billion dollars (98,143 million euros), after the fight held with Netflix, which finally decided to withdraw its offer of purchase by the media conglomerate ... Continue reading "Paramount culminates the purchase of Warner Bros for almost 100 billion euros"
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