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David Ellison says combined Paramount and Warner Bros.Discovery will be named Skydance
Ellison said the merged company will keep Paramount and Warner Bros. as sub-brands while targeting $6 billion in cost cuts.
- On Friday, CEO David Ellison announced the combined Paramount and Warner Bros. Discovery entity will be named Skydance, with both studios retaining their identities as sub-brands under the new corporate umbrella.
- The $111 billion merger cleared its final regulatory hurdle on September 30 after a federal judge approved an antitrust settlement with 12 states, paving the way for the deal to close on Tuesday, October 6.
- Skydance will control franchises including Harry Potter, Game of Thrones, Yellowstone, Mission: Impossible, and Top Gun, alongside networks CBS, CNN, MTV, and HBO Max, creating an entertainment portfolio spanning more than 200 years of combined studio history.
- Middle Eastern sovereign wealth funds from Saudi Arabia, Qatar, and the United Arab Emirates will own 38.5% of the company through $24 billion in commitments, while Oracle founder Larry Ellison personally guaranteed $46.7 billion in equity financing.
- David Ellison will serve as chairman and CEO while former Mattel chief Ynon Kreiz joins as co-CEO on October 5, though the combined company faces significant debt projected north of $80 billion after financing the acquisition.
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Paramount, Warner Bros. Discovery Merger Set to Become 'Skydance'
Get latest articles and stories on Entertainment at LatestLY. CEO David Ellison confirmed the new identity as the two entertainment giants prepare to operate as one company. Entertainment News | Paramount, Warner Bros. Discovery Merger Set to Become 'Skydance'.
·Mumbai, India
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Paramount-Warner Bros. Combined Company Gets "New" Name & It's Skydance
The entertainment giant created by the merger of Paramount Skydance and Warner Bros. Discovery finally has a name. And it won’t be Paramount Warner Bros. What once was the peak, is now just the beginning. Paramount and Warner Bros. shaped over a century of culture. By combining them, we aren’t rewriting history — we’re equipping […]
·Tennessee, United States
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Total News Sources244
Leaning Left25Leaning Right22Center68Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 22%
C 59%
R 19%
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