Breaking Hype
Skydance Is Official: The New Name for Paramount-Warner Bros. Is Here — And It’s Already Too Big to Fail
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
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