Paramount and Warner Bros. Discovery Complete Merger, Forming Skydance
publishers 16articles 17first reported 3 Oct, 00:31 UTCdeveloping since 3 Oct · 11 editions
Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, creating a combined entertainment company called Skydance, Paramount announced Tuesday.
The merger places Paramount+, HBO Max and a broad collection of television networks under one company. Its holdings include CBS, CNN, MTV, TBS, Comedy Central and Food Network, as well as franchises such as the DC Universe, “Game of Thrones,” “The Lord of the Rings” and “Yellowstone.” Skydance said the combined company will generate nearly $70 billion in annual revenue.
Skydance also said Paramount+ and HBO Max will “unify into a single service over time.” The company has not disclosed when the consolidation will occur, what the service will be called or how it will be priced. HBO chief Casey Bloys will oversee the combined streaming operation. CEO David Ellison previously said merging Paramount Plus and HBO Max would give the combined companies “a little over 200 million direct-to-consumer subscribers.”
The deal followed a bidding contest with Netflix and closed after settlements with a coalition of U.S. states and a Hollywood writers’ union resolved major legal challenges. Ellison will lead the combined company, whose Class B shares begin trading on the New York Stock Exchange under the ticker “SKYD.”
HOW THIS STORY WAS MADE
Written from 6 articles, 3 with the publisher's own text; 6 independent newsrooms once syndicated copies count as one; this version written 84 h after the record first saw the story; the editor revised it.
- Publishers
- 16
- Source articles
- 17
- Given to the writer
- 6, 3 with the article's own text
- Independent newsrooms
- 6
- This version written
- 84 h after the record first saw the story
- Second model (editor)
- revised
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and changed it before publication. Struck words were in the draft; underlined words are its corrections.
WHAT IT FLAGGED editor revise: The story needs a few details corrected or narrowed to match the cited sources. - "Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, creating a combined entertainment company called Skydance, the company announced Tuesday.": The story attributes the announcement to 'the company' singular without identifying it; TechCrunch says Paramount announced the completion, while The Verge says the press release was from Skydance. - "The merger places Paramount+, HBO Max and a broad collection of film studios and television networks under one company.": The sources list streaming platforms and networks but do not specifically say the deal places a broad collection of film studios under one company. - "CEO David Ellison previously said the two platforms together would have slightly more than 200 million direct-to-consumer subscribers.": The Verge says Ellison said merging the services would give the combined companies a little over 200 million direct-to-consumer subscribers; 9to5Mac says about 200 million subscribers, not specifically that the two platforms together would have slightly more than 200 million.
THE DRAFT AND THE CHANGES
Paramount and Warner Bros. Discovery Complete Merger, Forming Skydance
Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, creating a combined entertainment company called Skydance, the companyParamount announced Tuesday.
The merger places Paramount+, HBO Max and a broad collection of film studios and television networks under one company. Its holdings include CBS, CNN, MTV, TBS, Comedy Central and Food Network, as well as franchises such as the DC Universe, “Game of Thrones,” “The Lord of the Rings” and “Yellowstone.” Skydance said the combined company will generate nearly $70 billion in annual revenue.
Skydance also said Paramount+ and HBO Max will “unify into a single service over time.” The company has not disclosed when the consolidation will occur, what the service will be called or how it will be priced. HBO chief Casey Bloys will oversee the combined streaming operation. CEO David Ellison previously said themerging twoParamount platformsPlus togetherand HBO Max would havegive slightlythe morecombined thancompanies “a little over 200 million direct-to-consumer subscribers.subscribers.”
The deal followed a bidding contest with Netflix and closed after settlements with a coalition of U.S. states and a Hollywood writers’ union resolved major legal challenges. Ellison will lead the combined company, whose Class B shares begin trading on the New York Stock Exchange under the ticker “SKYD.”
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →