Paramount completes $110B Warner Bros. merger to form Skydance
- 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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335 Articles
The resulting company brings together film studios Paramount and Warner Bros, CBS News and CNN news channels, and HBO and CBS televisions
A mega-fusion is sweeping Hollywood: Paramount swallows the rival Warner Brothers. The new company starts with billions of debt and questions about the political influence of a Trump friend.
Idaho State Journal
Airdrie City ViewParamount completes its takeover of Warner Bros to become one Hollywood giant known as Skydance
Skydance-owned Paramount has closed its $81 billion takeover of Warner Bros. Discovery. The new Hollywood giant will be known as Skydance. The merger that closed Tuesday brings two of America’s oldest moviemaking studios together. It also further concentrates power in…
Paramount and Warner Bros merge to become one Hollywood giant, Skydance
The merger brings two of America's oldest moviemaking studios together under the helm of billionaire David Ellison and Ynon Kreiz, in a move that is projected to concentrate power in an industry already run by just a handful of major players
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