Paramount Acquires Warner Bros. for $110 Billion, Creating New M

Paramount Skydance has completed its $110 billion acquisition of Warner Bros Discovery, forming Skydance. The merger combines major film, TV, and streaming assets, with CEO David Ellison aiming to compete with industry giants. The new company will trade on the NYSE under the ticker SKYD. Analysts note Ellison's significant control over the combined entity.

Anderson Cooper questioned David Ellison, new boss of Skydance Corp, about CNN's future. Ellison, who completed a $110B merger, affirmed his support for CNN's editorial independence and journalism. He acknowledged potential layoffs but promised thoughtful decisions. CNN CEO Mark Thompson will continue leading the network.

Skydance co-CEOs David Ellison and Ynon Kreiz addressed the newly closed $110 billion merger of Paramount and Warner Bros Discovery, emphasizing rebuilding trust. Ellison acknowledged the turbulent process and the company's $80 billion debt, while discussing plans for streaming, cable, and film. The merger aims to compete with industry giants like Disney and Netflix, according to Ellison.

Tony Blair will advise the board of Skydance, a newly formed Hollywood giant created by a merger between Paramount and Warner Bros Discovery. The deal, valued at $110bn, was finalized with a $40bn personal guarantee from Larry Ellison. Skydance will control assets like HBO and CNN, and faces $80bn in debt. Blair's role was confirmed alongside other high-profile advisors.

Skydance CEO David Ellison and co-CEO Ynon Kreiz addressed rebuilding trust post-merger with Paramount and Warner Bros Discovery. The $110 billion deal closed with $80 billion in debt. Ellison emphasized creative community collaboration and fulfilling merger terms to restore confidence. He defended the merger as necessary to compete with streaming giants.

Paramount Skydance acquired Warner Bros. Discovery for $110B, including a $2.8B termination fee to Netflix, and rebranded as Skydance Corporation. The deal, approved by regulators, values the combined entity at $81B in equity. Warner Bros. Games plans to revive major franchises in 2027-2028, with NetherRealm Studios' next project speculated to be 'Injustice 3'.