Paramount completes $81bn takeover of Warner Bros Discovery
Reported by Sky News Home · October 6, 2026
Skydance-owned Paramount has completed its $81 billion takeover of Warner Bros. Discovery, bringing the companies together as a new Hollywood giant.
The deal, finalized Tuesday after a roughly yearlong fight, combines two longtime film studios under the Skydance name and further concentrates power in the entertainment industry.
The combined company brings HBO Max, CNN and Warner Bros. titles together with Paramount+, CBS and Paramount’s film library. It is led by David Ellison and co-CEO Ynon Kreiz.
Where this came from
Sky News Home did not allow its article to be shown here. This version was written by Sureno, in its own words, from other reporting:
- PBS News — After tumultuous fight, Paramount completes takeover of Warner Bros to become Hollywood giant Skydance