Paramount and Warner Become Skydance: What the $111B Merger Means for Media
Paramount has completed its $111 billion merger with Warner Bros. Discovery, forming a new media giant called Skydance. The merger — finalized after a last-ditch legal effort to block the deal was denied — combines two of Hollywood’s largest studios and their streaming platforms, Paramount+ and HBO Max, along with broadcast and cable assets such as CBS, CNN, CBS Sports and TNT Sports. The consolidation marks one of the biggest…