Paramount and Warner Bros. Discovery Complete Merger, Forming Skydance
publishers 26articles 27first reported 3 Oct, 00:31 UTCdeveloping since 3 Oct · 11 editions
Paramount has completed its acquisition of Warner Bros. Discovery, creating a combined entertainment company called Skydance under CEO David Ellison. TechCrunch and The Verge valued the transaction at $110 billion, while Fast Company described it as an $81 billion takeover worth about $111 billion including debt.
The merger brings Paramount+, HBO Max and Discovery+ under one owner, along with film and television studios and networks including CBS, CNN, MTV, TBS, Comedy Central and Food Network. The combined portfolio includes franchises such as DC, “Game of Thrones,” “The Lord of the Rings,” “Harry Potter,” “Star Trek” and “Yellowstone.” Skydance said the new company expects annual revenue of nearly $70 billion.
Skydance plans to unify its streaming platforms into a single service over time. The company has not announced when the consolidation will occur, what the service will be called or how it will be priced. Ellison previously said a combined Paramount+ and HBO Max would have more than 200 million direct-to-consumer subscribers and that HBO would retain its identity. HBO CEO Casey Bloys will oversee the merged streaming operation.
The transaction closed after settlements with a coalition of U.S. states and a Hollywood writers’ union cleared legal challenges. Skydance Class B shares began trading on the New York Stock Exchange under the ticker “SKYD.”
HOW THIS STORY WAS MADE
Written from 8 articles, 4 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 108 h after the record first saw the story; the editor kept it as written.
- Publishers
- 26
- Source articles
- 27
- Given to the writer
- 8, 4 with the article's own text
- Independent newsrooms
- 8
- This version written
- 108 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
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 →