Paramount and Warner Bros merger closes to form Skydance Corp
Paramount Global and Warner Bros Discovery officially merged today to create a single company named Skydance Corp.
New Company Structure and Leadership
The combined entity is led by chairman and CEO David Ellison. The Ellisons and RedBird Capital Partners hold the largest equity stake in the new corporation.
Financial Scale and Debt Load
Skydance will have annual revenue of nearly $70 billion upon completion. The company also assumes $80 billion in net debt from Warner Bros Discovery.
Assets and Content Library
The portfolio includes streaming services like Paramount Plus and HBO Max. It also owns networks such as CBS, CNN, MTV, and TBS.
All 4 outlets report consistently
No differences in figures, names or dates across these reports.
- Variety
- Engadget
- France 24
- Ars Technica
Reported by
4 independent outlets. Headlines as published. Links open the original report.
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Variety
Paramount-Warner Bros. $111 Billion Merger Officially Closes: ‘Today Is a Historic Day, Not Just for Skydance but for Our Entire Industry,’ David Ellison Says
variety.com → -
Engadget
Controversial $110 billion mega-merger of Paramount and Warner Bros. finally closes
engadget.com → -
France 24
Paramount completes takeover of Warner Bros, creating media behemoth Skydance
france24.com → -
Ars Technica
Paramount completes $111B Warner merger, creating “Skydance” behemoth
arstechnica.com →