Paramount and Warner Bros. Discovery complete $110 billion media megamerger
Skydance now controls some of the biggest film studios, TV networks, and streaming services.
Skydance now controls some of the biggest film studios, TV networks, and streaming services.
by
Emma Roth
Oct 6, 2026, 1:32 PM UTC
Image: The Verge
Part OfParamount Skydance is buying Warner Bros.see all updatesEmma Roth
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.
Paramount hascompleted its $110 billion acquisitionof Warner Bros. Discovery, forming acombined company known as Skydance. The merger officially puts Paramount and WBD’s film studios, along with major networks and brands like HBO, CBS News, and CNN, under one roof.
Theroad to the media megamergerhas been a rocky one for Paramount, whichsecured an agreementin February after waging a months-long battle against Netflix for WBD. Since then, it has faced criticism from both lawmakers and Hollywood talentabout the negative impact of media consolidation.
Paramountcleared its last major hurdle last month, as it settled with 12 states that sued to block the deal over antitrust concerns. Under the settlement, Skydance must release a minimum number of theatrical films over the next five years, starting with 30 in years one and two. It must also spend at least $300 million more on production in the US compared to what the companies spent last year combined.
Related
- CNN’s boss will remain as Paramount and WBD merge into Skydance
- Paramount will need to release way more movies to make this merger work
David Ellison will lead Skydancealongside Ynon Kreiz, the former chairman and CEO of Mattel.
“Today is a historic day, not just for Skydance but for our entire industry,” Ellison said in the announcement. “From the start, our ambition was to bring these two storied studios together and create a stronger competitor, with the talent, resources, and reach to tell great stories in every genre, on every platform, for audiences everywhere. Now that ambition is a reality.”
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- Emma Roth
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