4 articles
Paramount and Warner Bros. Discovery complete their $111 billion merger, forming Skydance with HBO, CNN, Paramount+ and two major Hollywood film studios.
Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, creating Skydance, a media giant spanning studios, streaming, TV and news.
After their merger closes, Paramount and Warner Bros. Discovery will operate as Skydance, while the Paramount and Warner Bros. studio brands remain intact.
Paramount+ and HBO Max are expected to merge into a single streaming platform once the Warner Bros. Discovery deal closes, reshaping the competition in the global streaming market.
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