Paramount and Warner Bros. Discovery to become Skydance
News Source
β’Fri, 02 Oct 2026 15:53:50 +0000
π° What Happened
Paramount and Warner Bros. Discovery will operate as Skydance once their merger closes, Paramount CEO David Ellison announced Friday. The roughly $110 billion deal is expected to close October 6. It combines two major Hollywood studios, the streaming services Paramount+ and HBO Max, and networks including CBS, CNN, MTV, TBS, Comedy Central and Food Network.
π The Backstory
The merger followed a drawn-out corporate battle. Netflix had agreed to buy Warner Bros.β streaming and studio businesses before the larger Paramount deal moved forward. Twelve states challenged the deal, saying it could reduce competition and harm consumers and workers, but a judge approved a settlement with state attorneys general this week.
π― Why It Matters
The deal reshapes Hollywood and could change which shows and movies get made, what they cost and where you can watch them.
Paramount and Warner Bros. Discovery will operate as Skydance once their merger closes, Paramount CEO David Ellison announced Friday. The roughly $110 billion deal is expected to close October 6. It combines two major Hollywood studios, the streaming services Paramount+ and HBO Max, and networks including CBS, CNN, MTV, TBS, Comedy Central and Food Network.
The merger followed a drawn-out corporate battle. Netflix had agreed to buy Warner Bros.β streaming and studio businesses before the larger Paramount deal moved forward. Twelve states challenged the deal, saying it could reduce competition and harm consumers and workers, but a judge approved a settlement with state attorneys general this week.
The deal reshapes Hollywood and could change which shows and movies get made, what they cost and where you can watch them.