Skydance’s New TV Empire Explained: Who’s in Charge and What May Be Ahead | Analysis
With the acquisition of Warner Bros. Discovery, Skydance now owns almost 190 shows, over 70 cable networks and two major streamers The post Skydance’s New TV Empire Explained: Who’s in Charge and What May Be Ahead | Analysis appeared first on TheWrap .
Skydance's new TV empire is the result of a major consolidation in the media industry. The company, led by co-CEOs Ynon Kreiz and David Ellison, now owns nearly 190 shows, over 70 cable channels, and two major streaming platforms. This acquisition puts Skydance ahead of long-standing television leaders like YouTube, Disney, NBCUniversal, Versant, and Netflix in terms of TV viewership.
While Skydance's streaming division surpassed $3 billion in revenue during its second quarter earnings report, the company's cable assets continue to face challenges as people move away from traditional cable. The fate of these cable channels remains uncertain, with some potentially being spun off or forced to operate with minimal spending.
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