Paramount and Warner Bros. Discovery complete $110 billion media megamerger
Paramount and Warner Bros. Discovery have finalized a $110 billion merger to form a new entity called Skydance. The deal, led by David Ellison, includes strict antitrust conditions regarding theatrical releases and domestic production spending.
Why it matters
This massive consolidation reshapes the media landscape, combining major studios and networks like HBO, CBS, and CNN under one corporate umbrella.
Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined company known as Skydance. The merger officially puts Paramount and WBD’s film studios, along with major networks and brands like HBO, CBS News, and CNN, under one roof.
The road to the media megamerger has been a rocky one for Paramount, which secured an agreement in February after waging a months-long battle against Netflix for WBD. Since then, it has faced criticism from both lawmakers and Hollywood talent about the negative impact of media consolidation.
Also covering this story
6 other newsrooms covered this event. We read each version separately.
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David Ellison Names Skydance Corp.’s New Leadership Team for Movies, TV, Streaming and More - Variety
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