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The Skydance merger with Warner Bros. and Paramount has closed, creating a new entertainment giant. The company confirms the studios will remain operational under their current names, but changes are underway in leadership, branding, and streaming.
The new employment contracts come after the $110 billion Paramount-Warner Bros. Discovery officially closed on Tuesday. Class B shares of the company were also transferred to the New York Stock Exchange under the ticker SKYD.
Skydance has confirmed that both the Paramount and Warner Bros. lots will remain operational for at least five years following the merger, with film likely based at Paramount and TV/streaming at Warner Bros. This reorganisation will require major executive moves, including from George Cheeks, Casey Bloys, and others. The decision follows a legal settlement with state attorneys general, but experts
Dana Goldberg and Josh Greenstein have promised that Paramount Pictures and Warner Bros. Pictures will continue operating separately under their own banners, preserving brand identities in the wake of the Paramount-Warner Bros. merger. Yet internal memos from David Ellison confirm layoffs are coming, raising questions about how long the independence can last.
The merger is done. Warner Bros. Discovery and Paramount Global are now one. Skydance Media has officially closed its $30 billion acquisition, stitching together two of Hollywood’s most storied studios into a single entity under the Skydance banner.
Skydance officially opens for business after the $111 billion merger of Paramount and Warner Bros. Discovery closes. The new company, led by David Ellison, inherits $80 billion in debt, a promise to release 30 films yearly, and a string of regulatory conditions — including an editorial oversight board for CNN and a five-year layoff pause at CBS. Now, the cuts begin.
Tony Gilroy called the Paramount-Warner Bros. merger a ‘tragic’ dismantling of Hollywood’s mid-budget soul — and he said it in front of a packed house at the New York Film Festival.
The merger of Paramount and Warner Bros. Discovery officially closes on Oct. 6, rebranding as Skydance Corp. under David Ellison’s leadership. After months of legal battles, threats to leave California, and a last-minute court approval, the new entity will operate under the ticker SKYD.
The new Skydance streaming strategy keeps both HBO Max and Paramount+ as distinct brands, likely bundled together. But the Paramount+ app remains unstable across devices — a major hurdle for any unified experience.
The $52 billion debt sale for the Paramount-Warner Bros. merger is done — and the market’s already sweating. Wall Street banks, led by Apollo Global, Bank of America, and Citigroup, closed the financing in just seven days: $30 billion in investment-grade bonds, $12.4 billion in junk debt, and $9.46 billion in loans. The move clears a major hurdle for the $110 billion deal, now set to officially
The merged Paramount-Warner Bros. Discovery will officially become Skydance on October 6, trading as SKYD on the NYSE. The new company, led by David Ellison and co-CEO Ynon Kreiz, inherits $80 billion in debt and ownership stakes from Saudi Arabia, Qatar, and the UAE. Mike De Luca and Pam Abdy are exiting. David Zaslav gets $550 million. The company must release at least 30 theatrical films in its
Tom Cruise’s Digger is set to open this weekend — and Warner Bros. is bracing for a fall. Not just any fall, but one that could land on the studio’s already shaky theatrical momentum. The film, a climate satire from Alejandro González Iñárritu, has drawn mixed reviews and now sits at $15–19 million in projected opening weekend earnings. That’s a steep drop from the $125 million production budget
Casey Bloys is set to lead the combined streaming operation after the Paramount-Warner Bros. Discovery merger closes October 6. Sources confirm he’ll retain his core team — Francesca Orsi, Amy Gravitt, Sarah Aubrey — and that HBO Max and Paramount+ may be bundled, not merged. Bloys has insisted on preserving HBO’s brand integrity despite the shift. His move follows Cindy Holland’s exit and comes a
With the Paramount-Warner Bros. Discovery merger closing, Casey Bloys avoided confirming his role in Paramount’s streaming division but signaled he’s likely to take it over. The HBO boss also hinted at a future bundle with Paramount+, citing Disney’s model as successful.
Mark Ruffalo reacted to a judge approving the Paramount-Warner Bros Discovery merger settlement, calling it disappointing and vowing the opposition movement isn't done fighting the $110 billion deal.