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Paramount Skydance officially announced the completion of its acquisition and integration procedures for Warner Bros. Discovery on local time October 6, 2026. The historic massive acquisition totaled 1110 billion dollars, establishing the new company named Skydance Corporation following shareholder and regulatory approval.
David Ellison will serve as CEO of the newly formed Skydance. The giant media empire brings together traditional film studios, streaming services like HBO Max and Paramount+ alongside CNN and CBS.
The newly announced management structure includes former Activision CEO Bobby Kotick and Emerson Collective founder Laurene Powell Jobs joining as directors, with former British Prime Minister Tony Blair serving as an advisor.
This massive merger unites the interactive entertainment divisions of both companies. This consolidates Warner Bros. Games internal studios such as NetherRealm Studios and Avalanche Software alongside Skydance Games AAA development projects under the same corporate umbrella.
