Paramount and Warner Bros merger closes to form Skydance Corp
The merger between Paramount Global and Warner Bros Discovery officially closed today to create the new company named Skydance Corp.
New Company Structure and Leadership
David Ellison serves as chairman and CEO of the combined entity. The Ellisons and RedBird Capital Partners hold all voting shares in the new corporation. Class B shares will begin trading on the New York Stock Exchange under the ticker symbol SKYD.
Assets and Financial Position
The merged company combines two major studios with TV networks including CBS, CNN, MTV, and TBS. Annual revenue for the new Skydance is nearly $70 billion while net debt stands at $80 billion.
Streaming Services and Content
Paramount Plus and HBO Max now operate under the same corporate roof. The portfolio includes intellectual property such as DC, Harry Potter, Star Trek, and Mission Impossible.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Variety
- Engadget
Reported by
2 independent outlets. Headlines as published. Links open the original report.