Skydance Closes $111 Billion Paramount-Warner Bros. Merger
Skydance completed a $111 billion merger combining Paramount and Warner Bros. Discovery on Tuesday, Oct. 6, 2026, creating one of the largest studios in Hollywood.[1]
David Ellison will lead the combined company as chief executive, and former Mattel chief Ynon Kreiz will serve as co-chief executive.[1] The merged firm gains control of CNN, CBS News, Paramount+, HBO Max, MTV, Comedy Central, Food Network and a library of about 15,000 films.[1] Under a settlement with state attorneys general, the studios agreed to produce 30 films annually for the next few years.[1]
The merger survived lawsuits from the Writers Guild of America and a coalition of 12 state attorneys general that sought to block the deal.[1] Regulators in the United States and Europe examined the transaction before allowing it to close under the agreed conditions.[1]
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📌 Key Facts
- On Tuesday, October 6, 2026, Skydance closes a $111 billion merger combining Paramount and Warner Bros. Discovery.
- David Ellison becomes CEO of Skydance, with former Mattel chief Ynon Kreiz named co-CEO.
- The combined company gains control of CNN, CBS News, Paramount+, HBO Max, MTV, Comedy Central, Food Network and a library of about 15,000 films.
- The merger overcame lawsuits from the Writers Guild of America and 12 state attorneys general and regulatory scrutiny in the US and Europe.
- Under a settlement with state attorneys general, Skydance agreed the combined studios will produce 30 films annually for the next few years.
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