{
  "id": 12435209,
  "title": "After tumultuous fight, Paramount completes takeover of Warner Bros to become Hollywood giant Skydance",
  "url": "https://urgent.news/2026/10/06/after-tumultuous-fight-paramount-completes-takeover-of-warner-bros-to",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T18:05:57.000Z",
  "source": {
    "name": "PBS NewsHour",
    "slug": "pbs-newshour",
    "url": "https://www.pbs.org/newshour/economy/after-tumultuous-fight-paramount-completes-takeover-of-warner-bros-to-become-hollywood-giant-skydance"
  },
  "original_language": "en",
  "account": null,
  "summary": "Paramount has completed its takeover of Warner Bros Discovery in a merger valued at around $110-111 billion. The deal, which follows a tumultuous and roughly yearlong fight, further concentrates power in an industry already dominated by a handful of major players.\n\nThe combined company, renamed Skydance, brings together Paramount Pictures and Warner Bros Pictures, as well as the CBS News and CNN networks, and the HBO and CBS television brands. David Ellison, the founder of Skydance Media and son of Oracle co-founder Larry Ellison, will lead the company. According to GBC Ghana, Ellison described the completion of the deal as “historic” for the film industry.\n\nThe merger combines a host of entities, including iconic franchises such as Harry Potter, Game of Thrones, The Lord of the Rings, Indiana Jones, Mission: Impossible, and Shrek. The newly merged entertainment behemoth will trade on the New York Stock Exchange under the ticker SKYD, with Ynon Kreiz, the former chief executive of Mattel, becoming co-chief executive.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}