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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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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Paramount Global has completed its acquisition of Warner Bros. Discovery, forming a massive media conglomerate with vast IP including Harry Potter, DC, Star Trek, and Mission: Impossible. The deal promises over $2B in annual savings, streaming synergies, and expanded opportunities for Skydance Media. Integration challenges and regulatory conditions remain key factors ahead.
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David Ellison, New Owner Of Warner Bros., Tried To Be An Actor; Wasted $60M Of Billionaire Dad's Money To Produce/Star In 'Flyboys'
The merger between iconic Hollywood studios Warner Bros. and Paramount has officially closed, forming the new conglomerate Skydance Media. The $110 billion deal is an apparent culmination of billionaire David Ellison’s desire to be a Hollywood star. David Ellison is the son of Larry Ellison, the sixth-richest person in the world and the founder of […]
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