The long-gestating merger of Paramount and Warner Bros. Discovery officially closed Tuesday, creating Skydance Corp. under CEO David Ellison. The $111 billion deal combines major studios, TV networks including CBS and CNN, and streaming services Paramount+ and HBO Max.
Paramount-Warner Bros. $111 Billion Merger Closes, Creating Skydance Corp.
The long-gestating merger of Paramount and Warner Bros. Discovery officially closed Tuesday, creating Skydance Corp. under CEO David Ellison. The $111 billion deal combines major studios, TV networks including CBS and CNN, and streaming services Paramount+ and HBO Max.
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