Controversial $110 Billion Mega-Merger Of Paramount And Warner Bros. Finally Closes
New media empire will be known as Skydance, with CEO David Ellision calling it a ‘historic day.'
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After nearly a year of negotiations, opposition and regulatory hurdles, the Paramount-Warner Bros. merger has finally reached its conclusion, with the $110-billion deal finally closing today.
The company now known as Skydance assumes full control of two of the largest film studios in the world, as well as networks like CBS, CNN, MTV and Comedy Central. The streaming services HBO Max and Paramount Plus also now fall under the same roof. In a press release, Skydance said that between Paramount and WBD it has committed to putting out 30 theatrical films per year, as well as more than 180 TV shows and series.
The scale of this new media empire is enormous. The combined Skydance portfolio includes DC, Harry Potter and the Game of Thrones IP, as...
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