Paramount-Warner Bros complete takeover; to be called Skydance

Skydance-owned Paramount finalized its acquisition of Warner Bros. Discovery for $81 billion after a lengthy bidding process. The merger consolidates powerful studios, including HBO Max and CNN, under its umbrella. This acquisition faced significant opposition from Hollywood figures who expressed concerns about job losses and reduced audience choices. Legal challenges from multiple states were eventually settled to facilitate the merger's completion.

October 7, 2026 at 02:49AM