BusinessNews brief

Paramount completes acquisition of Warner Bros to form new media empire Skydance

NewsJaws News FeedSource-attributed news briefs
1 min read
LinkedInPostEmail
Save for later

David Ellison and ex-Mattel CEO Ynon Kreiz to oversee both film studios, HBO Max, CNN and CBS News as co-executives Paramount completed its $111bn acquisition of Warner Bros Discovery on Tuesday, consolidating some of the world’s most recognizable studios and news outlets after a bidding war with Netflix and months of legal turmoil.

The new company, now called Skydance, will have David Ellison, the son of a billionaire tech mogul, at its helm, with the former CEO of Mattel, Ynon Kreiz, as co-executive. They will oversee Paramount and Warner Bros’ movie studios, HBO Max, CBS News and CNN.

Read the original report at The Guardian.

Read in depth: Business

Jaguar’s first production car under its electric reinvention is due to be built in Britain from 2027, with orders expected to open early that year.

5 min read

French wine production is forecast at about 35 million hectolitres, with sharply different regional results. Earlier consumption and export data complicate the...

4 min read

Sources and context

The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-07. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

Topics

Streaming Economy

More from Business