David Ellison to install Paramount executives at Warner Bros. Pictures ahead of $110 billion merger
Paramount Skydance CEO David Ellison is preparing a leadership overhaul at Warner Bros. Pictures as the $110 billion acquisition of Warner Bros. Discovery closes next week. Paramount Pictures heads Dana Goldberg and Josh Greenstein will assume operational control of Warner Bros. Pictures, while current studio chiefs Michael De Luca and Pamela Abdy will depart. The combined company will be renamed Skydance Corp and will continue to run DC Studios under James Gunn and Peter Safran through April 2027.
Why it matters
The reshuffle signals how the merged studio will be run and may affect film slate decisions and cost synergies, which investors will monitor as the deal finalizes. The announcement lifted Paramount Skydance shares 1.7% in regular trading and 0.2% after hours, indicating market interest in the integration plan.
Key facts
- 1Paramount Skydance Corp is acquiring Warner Bros. Discovery for $110 billion, with the transaction expected to close next week. investing.com
- 2Dana Goldberg and Josh Greenstein, currently heads of Paramount Pictures, will lead Warner Bros. Pictures after the deal. investing.com
- 3Michael De Luca and Pamela Abdy will leave the combined company following the acquisition. investing.com
- 4The merged entity will be renamed Skydance Corp. investing.com
- 5James Gunn and Peter Safran, co‑heads of DC Studios, will join Paramount under contracts that run through April 2027. tradingview.com
- 6Paramount Skydance stock rose 1.7% in Friday’s regular session and 0.2% in after‑hours trading after the news. tradingview.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.