Paramount Warner Bros. Discovery Merger
What's Happened So Far
Paramount and Warner Bros. Discovery have completed a $110 billion merger, creating a new media conglomerate called Skydance. The transaction closed in early October 2026 following an extended approval process that involved legal challenges and regulatory review. The combined entity brings together major film studios, television networks, and streaming services under unified ownership and management.
Leadership of the newly formed company is shared between David Ellison and Ynon Kreiz. The merger represents one of the largest consolidations in the media and entertainment sector in recent years, integrating substantial content libraries and distribution platforms. The deal's completion marks the conclusion of a process that faced scrutiny from multiple regulatory bodies before receiving final clearance.
- Oct 8, 2026· 5 sources
Paramount Completes $110 Billion Acquisition of Warner Bros. Discovery
Paramount has finalized its $110 billion acquisition of Warner Bros. Discovery, creating a new media company called Skydance that unites major film studios, streaming services, and television networks under single ownership. The merger closed on October 8, 2026, after surviving legal challenges and regulatory scrutiny.
- Oct 1, 2026· 6 sources
Paramount and Warner Bros. Discovery Complete $110 Billion Merger, Creating Skydance
Paramount and Warner Bros. Discovery officially completed their $110 billion merger on October 7, 2026, creating a new media company called Skydance that unites major film studios, television networks, and streaming services under the leadership of David Ellison and Ynon Kreiz.