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Paramount completes Warner acquisition. A new Skydance is born

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/10/2026, 14:26:24 UTC.

Briefings

Paramount officially completed the acquisition of Warner Bros. Discovery, creating Skydance. David Ellison, Skydance's CEO, leads the combined entity, which merges Paramount's studios with Warner's assets including HBO Max, CBS, and CBS News. The deal valued at $110 million was finalized after a three-year operational plan aimed at generating over $6 billion in annual savings. Key personnel included Ynon Kreiz as co-CEO and Andy Gordon as president, while David Zaslav left Warner. The acquisition resolved a three-month legal standoff between 12 US state attorneys general and the Writers Guild of America.

Key points

• David Ellison, CEO of Skydance, leads the newly formed company combining Paramount and Warner Bros. Discovery assets.
• The deal valued at $110 million was finalized after a three-year operational plan aimed at generating over $6 billion in annual savings.

Context

Paramount completed the acquisition of Warner Bros. Discovery, creating Skydance. The group merges Paramount's studios with Warner's assets including HBO Max, CBS, and CBS News. The deal valued at $110 million was finalized after a three-year operational plan aimed at generating over $6 billion in annual savings.

Limitations

Evidence covers the official completion of the acquisition and immediate post-merger structure. It does not detail the specific timeline of the three-year operational savings plan beyond the stated goal, nor does it provide data on the exact number of films or series acquired beyond the listed franchises. The evidence also omits details on the specific outcomes of the legal resolution with the Writers Guild of America beyond the elimination of the primary obstacle.

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