Paramount-Warner Bros merger: What Skydance’s $110 billion deal means for Hollywood

The long-running battle for control of two of Hollywood’s biggest entertainment companies has finally come to an end. Paramount Skydance has completed its $110 billion acquisition of Warner Bros Discovery, creating a new media giant called Skydance. The deal brings together two of the industry’s most recognisable film studios, dozens of television networks and two major streaming platforms, Paramount+ and HBO Max.

The combined company will also control major entertainment and news brands including CBS, CNN, Warner Bros, HBO and DC Studios. Its film library includes some of the biggest franchises in the world, from Harry Potter and Mission: Impossible to DC films and Top Gun.