Paramount and Warner Bros. Discovery Close $110B Merger, Forming Skydance Corp.
The long-fought combination of Paramount and Warner Bros. Discovery creates a studio and streaming giant meant to challenge Netflix and YouTube.
Forbes · +14 outlets
Skydance Leaders Tell Staff Layoffs Are Coming After Merger Close
David Ellison and co-CEO Ynon Kreiz told employees in a memo that integrating the two companies will bring difficult workforce decisions.
Variety · +13 outlets
Skydance Carries Roughly $80 Billion in Debt After Warner Bros. Deal
The combined company gains scale against Netflix and Disney but must balance heavy content spending with servicing large financial obligations.
The Hollywood Reporter · +12 outlets
Skydance Plans to Remake Hollywood as a Tech Company With AI and Streaming
David Ellison's strategy positions the merged studio around technology and streaming as it competes with larger platform players.
Hindustan Times · +14 outlets
Fitch Downgrades Paramount and Warner Bros. Discovery Ratings as Merger Closes
The agency cited materially higher leverage, integration risk and uncertainty over the plan to find $6 billion in cost savings.
Thewrap · +3 outlets
Skydance Unveils Leadership Team; CNN and CBS Chiefs Stay On
Mark Thompson and other network leaders remain in place as the newly merged company sets its executive structure.
finance.biggo.com · +6 outlets
US Judge to Hold Hearing on Disney Bid to Block FCC License Review
Disney's fight with the FCC over its broadcast licenses moves into federal court.
Reuters · +14 outlets
TNT Sports Head Luis Silberwasser to Depart; CBS Sports Chief David Berson to Lead Combined Group
The combined Skydance sports operation will be run by Berson as TNT Sports' Silberwasser exits post-merger.
CNBC · +5 outlets
Steven Spielberg to Oversee Transformers Franchise; Michael Bay in Talks to Direct Eighth Film
Paramount and Hasbro are reuniting familiar talent for a new live-action Transformers installment.
Thewrap · +12 outlets
How David Ellison's Skydance Outwitted Everyone to Land Warner Bros.
An inside account describes the billionaires, ultimatums and negotiations behind the $111 billion deal.
The Hollywood Reporter · +1 outlets
Egyptian Authorities Arrest Entire Matsadaash Newsroom, One Charged With Terrorism
Journalists allege torture following the mass arrests at the independent outlet.
ipi.media · +4 outlets
Combined Skydance Becomes Second Most-Watched Media Company Behind YouTube
The merged Paramount and Warner Bros. Discovery moves ahead of Disney, Fox and NBCUniversal in viewing share, trailing only YouTube.
| Cord Cutters News · +13 outlets
Pam Abdy and Mike De Luca Exit Warner Bros. as Film Chiefs
The Warner Bros. film leadership departures follow the studio's box office struggles and the close of the Skydance merger.
Thewrap · +13 outlets
OpenAI Expands ChatGPT Advertising With Visual Ads and Measurement Tools
OpenAI is also piloting brand suitability controls with DoubleVerify and IAS.
Zee Business · +14 outlets
Prime Video Lands Six-Year Deal to Host the Emmys
The Television Academy's agreement moves the awards ceremony to the Amazon streamer.
Adweek · +9 outlets
Who Is Skydance Co-CEO Ynon Kreiz?
The former Mattel CEO will oversee day-to-day operations and the effort to find $6 billion in merger cost savings.
Thewrap · +13 outlets
Ava DuVernay Returns With Netflix Doc '14th' on Trump-Era Policies
The Oscar nominee's film frames administration policies in a broader historical context and urges Hollywood to act.
The Hollywood Reporter
Netflix Greenlights Drama 'Feral' With Michelle Dockery and Jessica Gunning
The seven-part series is based on Shirley Conran's novel Savages and adds Genevieve O'Reilly and Quintessa Swindell.
Variety · +2 outlets