Hollywood’s Newest Media Colossus: Paramount and Warner Bros. Merge Under Skydance - CNET
With Paramount CEO David Ellison overcoming the final hurdle blocking his expansion of the Paramount media empire, the billionaire media executive announced on X (formerly Twitter) that the newly merged entity combining Paramount and Warner Bros. Discovery will be named Skydance.
The announcement comes after the company entered into a consent decree to settle antitrust claims brought by a group of 12 state attorneys general, who had sued in July over concerns that the merger would concentrate too much control over news networks, cable TV and the film industry. With the last legal opposition cleared, the path was open to finalize the massive the $111 billion merger on Sept. 21.
“Together, we are Skydance: a creative-first home for bold, quality storytelling,” Ellison postedon Friday. “We wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. — and all our...
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