Paramount completes its takeover of Warner Bros to become one Hollywood giant known as Skydance
CHICAGO: It’s official: Skydance-owned Paramount closed its $81 billion takeover of Warner Bros. Discovery on Tuesday, ushering in a new Hollywood behemoth.
The merger brings two of America’s oldest moviemaking studios together under a new name: Skydance.
HBO Max, titles ranging from “Harry Potter” to “Sinners” and networks such as CNN now also find themselves under the same roof as Paramount+, CBS and the likes of “Top Gun” and “The Godfather.” All are under the helm of billionaire David Ellison and his new co-CEO Ynon Kreiz.
