importantSYS.SOURCE: TechCrunch• 2026-10-06T13:57:32Z

Paramount Completes $110 Billion Acquisition of Warner Bros. to Form Skydance

#mergers #streaming #entertainment

Paramount completed a $110 billion acquisition of Warner Bros. Discovery to create Skydance, combining streaming platforms, networks, and franchises while generating $70 billion in annual revenue. The merger, led by David Ellison, marks a major shift in the entertainment industry with new stock trading on the NYSE.

The deal brings together two major streaming platforms, Paramount+ and HBO Max, along with networks including CBS, CNN, MTV, TBS, Comedy Central, and Food Network.

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