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Paramount Global

Why now? Paramount completed its roughly $110bn takeover of Warner Bros. Discovery on Tuesday, October 6, as reported by BBC US, NYT, CNBC and NPR.

11reports in 14 days

7sources

9days active

In 30 seconds

Paramount closed its takeover of Warner Bros. Discovery on Tuesday, a deal reported at about $110bn.
Reports describe the merger as the start of a new Hollywood era.
David Ellison said the combined company will be named Skydance; a leadership team was announced Oct 5.

Catch me up

In 20 seconds

On Oct 2, David Ellison said the combined Paramount and Warner Bros. Discovery would be named Skydance.
On Oct 5, Ellison and Ynon Kreiz announced the Skydance leadership team.
On Oct 6, Paramount closed the takeover of Warner Bros. Discovery, per NYT, CNBC, NPR and BBC US.

Where things stand

The deal has closed, and the combined company is reported to be heading into a new era under the Skydance name.

The stories behind it

related reports are bundled into one story

Paramount completes takeover of Warner Bros. Discovery Breaking · 3 reports · 3 sources · latest 4 days ago

Paramount Warner Bros Discovery merger Skydance Developing · 3 reports · 2 sources · latest 5 days ago

What happened?

Paramount closed its deal for Warner Bros. Discovery on October 6, with BBC US putting the value at $110bn. Coverage from NPR and CNBC describes it as a mega merger and a hard-fought takeover. A day earlier, David Ellison and Ynon Kreiz announced the Skydance leadership team.

Why does it matter?

The reports describe the merger as a major change for Hollywood, bringing two large studios under one company. The sources provided do not detail the wider effects.

Coverage

11 reports · 7 sources

CNBC – Skydance's David Ellison tells CNBC combined company is 'positioned to win in every single vertical'

External headlines link to the original source. Our own stories are on the left.

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Where things stand

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