Paramount and Warner Bros. Discovery game divisions to combine under Skydance
Paramount's acquisition of Warner Bros. Discovery will bring the two companies' game studios together in a single unit run by Skydance. Tony Driscoll will head the new Games and Experiences division, which will include studios such as Warner Bros. Games, Paramount Games Studio, NetherRealm, Rocksteady, Avalanche and TT Games. Former Activision CEO Bobby Kotick has joined Skydance's board as the combined unit prepares to develop titles based on a broad portfolio of IP.
Why it matters
Skydance says the new division is a core pillar of its growth strategy, aiming to generate additional revenue from games, experiences and related consumer products. The consolidation could enhance the monetisation of high‑value franchises for Warner Bros. Discovery shareholders.
Key facts
- 1Paramount's acquisition of Warner Bros. Discovery is valued at $110 billion. insider-gaming.com
- 2Paramount's acquisition of Warner Bros. Discovery is valued at $111 billion. finance.yahoo.com
- 3Tony Driscoll will serve as President of Games and Experiences for the combined unit. insider-gaming.com
- 4The new division will include Warner Bros. Games and Paramount Games Studio. insider-gaming.com
- 5Studios such as NetherRealm, Rocksteady, Avalanche Software and TT Games will be part of the unit. finance.yahoo.com
- 6Former Activision CEO Bobby Kotick has joined Skydance's board of directors. finance.yahoo.com
Open questions
- The acquisition price is reported as $110 billion in one source and $111 billion in another.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.