$110 Billion Paramount-Warner Bros. Merger Gets Its New Name

The Paramount-Warner Bros. Discovery merger, valued at $110 billion, is set to be named Skydance following the completion of a major regulatory milestone in September. The newly formed entity will merge two iconic Hollywood studios, Paramount and Warner Bros., along with their streaming services HBO Max and Paramount+, and will also take control of major entertainment properties such as Harry Potter, DC, Game of Thrones, and Mission: Impossible. The combined company will also oversee television assets like CBS and CNN.

David Ellison, CEO of Skydance, unveiled the new company name through a newly established X account. Ellison emphasized that the goal was to provide the combined business its own identity, while preserving the distinct identities and histories of the Paramount and Warner Bros. The Skydance name originates from the production company founded by Ellison in 2006.

Following the merger, CNN and CBS News will operate under the same roof, leading to concerns about their future operations. In response, Paramount has committed to establishing an independent News Editorial Independence Board to oversee both organizations and promote editorial independence.

Skydance has also pledged to release a minimum of 30 theatrical films per year. Once the transaction is finalized, Skydance Corporation will become the legal name of the combined company, uniting Paramount, Warner Bros., and their extensive range of film, television, and streaming assets under a single corporate umbrella.