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David Ellison says combined Paramount and Warner Bros.Discovery will be named Skydance
The combined company will keep Paramount and Warner Bros. as sub-brands while taking on more than $80 billion in debt, executives said.
- On Friday, CEO David Ellison announced the combined Paramount and Warner Bros. Discovery entity will be named "Skydance," retaining both Paramount and Warner Bros. as sub-brands within the larger corporate identity.
- The $111 billion merger cleared its final antitrust hurdle on September 30 and is scheduled to close on October 6, completing Ellison's yearlong campaign to consolidate two of Hollywood's largest entertainment conglomerates.
- Skydance will oversee a portfolio spanning CBS, CNN, MTV, and HBO Max alongside entertainment franchises including "Harry Potter," "Game of Thrones," "Yellowstone," "Mission: Impossible," "Top Gun," and the Nickelodeon empire.
- Middle Eastern sovereign wealth funds from Saudi Arabia, Qatar, and the United Arab Emirates will own 38.5% of the company, providing $24 billion in backing. Larry Ellison personally guaranteed $46.7 billion in equity financing.
- David Ellison will lead the company alongside co-CEO Ynon Kreiz, joining on October 5. Skydance faces significant financial headwinds with total debt projected at north of $80 billion after absorbing previous merger burdens.
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Paramount-WBD Will Now Be Called Skydance, David Ellison Reveals
After the expected close of their merger, Paramount and Warner Bros. Discovery will together be known as Skydance. CEO David Ellison revealed the new name Friday in a post on X. The $110 billion merger is projected to be finalized on Tuesday after a year-long pursuit by Ellison and a two-month delay caused by antitrust […]
·Los Angeles, United States
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New Name of Paramount-Warner Bros. Unveiled: Skydance
The soon-to-merge Paramount-Warner Bros. Discovery officially has a name: It’s simply going to be “Skydance,” according to chairman and CEO David Ellison. The deal forming the new Skydance is set to close Oct. 6, the companies have announced. The merger will combine two of Hollywood’s biggest movie studios; the HBO Max and Paramount+ streaming services; […]
·Los Angeles, United States
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Coverage Details
Total News Sources8
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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