Skydance says it aims to cut $6 billion in costs after Warner Bros. Discovery deal

The company projects at least $6 billion in savings over three years: at least $2.2 billion from corporate functions and offices, at least $1 billion from marketing, about $1.4 billion from streaming and broadcast technology, and $1.4 billion from third-party spending. Skydance says it expects 30% of the savings in the first year.