Paramount closes $110B Warner Bros. Discovery takeover, creating Hollywood giant Skydance
The merger ends Warner Bros. Discovery as an independent company and puts Paramount's film and streaming assets under the Skydance banner, consolidating HBO Max
Proactive financial news · +15 outlets
Avengers: Doomsday crosses $100M in global presales two months before release
Presales for the Marvel tentpole are already outpacing comparable superhero releases, underscoring Disney's reliance on the franchise to reboot its box office m
ComicBook.com · +13 outlets
Avengers: Endgame reclaims all-time global box office crown from Avatar after rerelease
An encore run pushed Endgame past $2.925 billion worldwide, edging Avatar to retake the highest-grossing film title.
Plataforma Media · +12 outlets
Spider-Man: Brand New Day gets digital and streaming release after record theatrical run
Sony's Spider-Man sequel moves to home viewing and a reported Netflix window following a record-breaking box office performance.
The Movie Blog · +14 outlets
Tom Cruise's Digger opens to just $20M worldwide in major box office setback
The opening ranks among Cruise's worst wide releases, adding pressure on Skydance's new studio leadership as it absorbs Paramount and Warner Bros.
Türkiye Today · +11 outlets
Fitch downgrades Paramount and Warner Bros. Discovery credit ratings as merger closes
The downgrade reflects the combined company's roughly $82 billion debt load following the $110 billion transaction.
Yahoo Finance Singapore · +13 outlets
HBO Max and Paramount+ to merge, raising questions about Discovery+'s fate
Consolidating the two streaming services under Skydance leaves the future of smaller niche platforms unclear.
The Hollywood Reporter · +14 outlets
Skydance now runs two legacy Hollywood film studios, by the numbers
The combined company pairs Paramount's and Warner Bros.'s film libraries, with analysts questioning how the hybrid will be run.
Yahoo Finance · +12 outlets
Tony Blair joins Skydance as advisor alongside billionaire backers
The former UK prime minister takes an advisory role at the newly formed Hollywood giant assembled by David Ellison.
This is Money
Paramount paid Netflix $2.8 billion to walk away from Warner Bros. deal; Netflix stock jumped 14%
The breakup payment resolves Netflix's competing bid for Warner Bros. Discovery and returned cash to the streamer.
Yahoo Finance · +14 outlets
Skydance bumps pay, extends contracts for top executives; new bonuses for WBD brass
Compensation changes accompany the closing of the Warner Bros. Discovery merger.
Yahoo Finance UK · +7 outlets
David Zaslav bids farewell to Warner Bros. Discovery in social media video
The departing CEO marked the end of Warner Bros. Discovery as an independent company following the Paramount takeover.
ARYnews.tv · +2 outlets
Warner Bros. Discovery Q2 streaming revenue tops $3 billion
The final standalone quarterly results show streaming growth ahead of the company's absorption into Skydance.
scanx.trade · +14 outlets
Academy and AEG strike deal to move Oscars to L.A. LIVE starting in 2029
The agreement moves the ceremony to a new venue at the downtown Los Angeles complex beginning in 2029.
TicketNews · +13 outlets
Netflix's newest rival carries nearly $70 billion in sales and about $82 billion of debt
Coverage sizes up the streaming unit of the merged Paramount-Skydance company against Netflix's balance sheet.
The Motley Fool · +3 outlets
Christopher Nolan's The Odyssey returning to IMAX and 70mm screens this month
A special theatrical return for the film keeps large-format exhibition in the spotlight.
ComingSoon.net · +13 outlets
Morgan Stanley raises Warner Bros. Discovery stock target to $31
Analyst target increases followed the merger close and a one-year high for the stock.
AD HOC NEWS
L.A. studio lot values are cratering as production landscape shifts
Falling valuations for Hollywood real estate reflect weaker demand for soundstage space.
The Hollywood Reporter · +1 outlets