{
  "id": 19218568,
  "title": "Skydance details cost cuts, sets streaming bundle for early next year",
  "url": "https://urgent.news/2026/11/09/skydance-details-cost-cuts-sets-streaming-bundle-for-early-next-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T21:06:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/skydance-details-cost-cuts-sets-streaming-bundle-for-early-next-year-5013182"
  },
  "original_language": "en",
  "account": "Skydance, the newly formed entertainment conglomerate following the Warner Bros Discovery acquisition, has announced plans to achieve $6 billion in cost savings over the next three years, according to a report by Reuters. The company, led by CEO David Ellison and Co-CEO Ynon Kreiz, is set to launch a streaming bundle of HBO Max and Paramount+ early next year. This move comes as the streaming services, which together have 203 million subscribers globally, become a crucial focus for the company's growth. Skydance's earnings for the third quarter showed a 5% revenue increase for Paramount, reaching $7 billion, while the combined company is expected to provide full-year guidance for the December quarter. Amidst the ongoing competition from industry giants such as Netflix and Disney, Skydance remains confident in its ability to meet the cost-cutting targets, with 30% of the savings anticipated in the first year.",
  "summary": null,
  "key_points": [
    "Skydance aims to cut $6 billion in costs over three years",
    "HBO Max and Paramount+ streaming bundle launches early next year",
    "Paramount's Q3 revenue up 5% to $7 billion"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Hollywood Reporter",
        "title": "Skydance Details Cost Savings and Plans HBO Max-Paramount+ Bundle in First Post-Deal Earnings Report",
        "url": "https://urgent.news/2026/11/09/skydance-details-cost-savings-and-plans-hbo-max-paramount-bundle-in",
        "published": "2026-11-09T21:17:44.000Z"
      }
    ]
  },
  "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."
}