How Paramount, Warner Bros made Skydance
Paramount and Warner Bros Discovery completed their $110 billion merger on Tuesday, forming the new company Skydance. The merged entity will own Paramount and Warner Bros film studios, HBO Max, Paramount+, CBS, CNN, and a range of cable channels. Skydance now boasts over 200 million streaming subscribers and $70 billion in annual revenue, with CEO David Ellison at the helm alongside co-CEO Ynon Kreiz.
The deal, which began as a hostile takeover by Paramount, faced opposition from various stakeholders, including actors, writers, directors, and politicians, but ultimately cleared multiple regulatory hurdles. The merger is expected to generate annual savings of at least $6 billion within three years and lead to a single streaming service in the future.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Paramount and Warner Bros are now one Hollywood giant: Skydance. Here’s how we got here toronto.citynews.ca
- Paramount takes over Warner Bros in $110bn Hollywood merger myjoyonline.com
- Paramount takes over Warner Bros in $110bn Hollywood merger bbc.co.uk
- Paramount wraps up mega Warner Bros merger to create Hollywood powerhouse Skydance channelnewsasia.com
- Paramount closes deal to acquire Warner Brothers Discovery thehill.com
- Paramount and Warner Bros merge into one Hollywood giant dw.com
- Paramount finalise le rachat de Warner Bros Discovery pour 110 milliards de dollars, créant un nouvel empire du cinéma et de la télévision lemonde.fr
- Paramount closes $110B deal with Warner Bros. Discovery after months of wrangling torontosun.com
