Business

Paramount-Warner Bros. Merger Officially Closes

Updated 2026-10-06 13:25 UTC 1 source Neutral

The $111 billion merger between Paramount and Warner Bros. Discovery has been officially completed, creating the new Skydance Corp., led by David Ellison.

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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

It’s official: Paramount and Warner Bros. Discovery are now a single company — joined together as Skydance Corp., led by chairman and CEO David Ellison. The deal, valued at $111 billion, brings together two major studios, TV networks including CBS, CNN, Comedy Central, MTV and TBS, and streaming ser

2026-10-06 13:13 UTC