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Paramount and Warner Bros officially merge into Skydance
The controversial deal is followed by ambitious plans that will affect Hollywood and consumers alike — here’s why
Well, this show seems to have finally reached its finale: after the failed acquisition of Warner Bros Discovery by Netflix last year and a lot of behind-the-scenes drama that even included political involvement at some point, Paramount just announced that it completed its $110 billion acquisition of WBD, forming a combined company simply named Skydance. The controversial deal, one of the biggest entertainment market mergers of all time, brings together two major streaming platforms, Paramount Plus and HBO Max, along with TV networks including CBS, CNN, MTV, TBS, Comedy Central and Food Network.
“Today is a historic day, not just for Skydance but for our entire industry”, CEO David Ellison claimed in a statement. “From the start, our ambition was to bring these two storied studios together and create a stronger competitor, with the talent, resources and reach to tell great stories in every genre, on every platform, for audiences everywhere. Our focus now turns to the future: building a company that empowers creatives, entertains audiences and rewards shareholders. We couldn’t be more excited to get to work”.
