Report
Paramount completes Warner Bros. Discovery takeover, forming Skydance
The combined company brings together film studios, TV networks, streaming services and news organizations.
TLDR
The Hollywood Reporter reports that Paramount completed its takeover of Warner Bros. Discovery on October 6, 2026. The combined company is called Skydance. Its leaders, David Ellison and co-CEO Ynon Kreiz, face the task of integrating the businesses and paying down more than $80 billion in debt.
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