Paramount Completes Warner Bros. Discovery Takeover, Creating Media Giant Skydance
The completed deal brings two major studios and CNN and CBS News under one owner, with streaming consolidation, management changes and layoffs now on the agenda.
Read the full story → · Latest coverage 7 Oct 2026, 3:34 pm UTC
Chapters · 3
Key moments · 8
Paramount completes its acquisition of Warner Bros Discovery
Le Monde ↗Combined Hollywood company takes the name Skydance
Euronews ↗HBO, CBS and other networks come under shared ownership
BirGün ↗Skydance begins trading on the New York Stock Exchange
cnn.com ↗Film chiefs pledge separate studio development and releases
Variety Movies ↗Ellison reiterates streaming combination will require technical work
The Hollywood Reporter ↗Skydance signals streaming brands could remain distinct
Forbes ↗Warner Bros. water tower gets new branding
New York Post ↗







