Paramount Completes $110 Billion Warner Bros Discovery Acquisition, Forming Skydance
Paramount has finalized its acquisition of Warner Bros Discovery in a deal valued at $110 billion, creating a new media conglomerate that will operate under the name Skydance. The transaction brings together major television and film properties, including CNN, CBS News, HBO, and the Harry Potter franchise, under a single corporate umbrella. The scale of the merger has drawn concern over the resulting concentration of media ownership. The deal was reported by Le Monde on October 6, 2026.
Key facts
- Paramount finalized the acquisition of Warner Bros Discovery.
- The deal is valued at $110 billion.
- The new group is renamed Skydance.
- The combined entity includes CNN, CBS News, HBO, and the Harry Potter universe.
- The concentration of media ownership has raised concerns.
- The transaction was reported on October 6, 2026.
- The acquisition creates a new film and television empire.
- The story was published by Le Monde.
Entities
Artists
- Zendaya
- Kirsten Vangsness
- Harvey Weinstein
- David Ellison
- Mark Thompson
- Bari Weiss
- Mike Proulx
- Breanne Gilliam
- Syleecia Thompson
- Seth Stern
- Betsy Klein
- Donald Trump
- Ynon Kreiz
- Rob Bonta
- Bob Weinstein
Institutions
- Paramount
- Warner Bros Discovery
- Skydance
- CNN
- CBS News
- HBO
- Le Monde
- Paramount Skydance
- Warner Bros
- HBO Max
- Paramount+
- Miramax
- Disney
- Netflix
- 21st Century Fox
- 20th Century Fox
- CBS
- BBC
- Forrester Research
- Maddin Hauser
- CVL Economics
- LA County
- National University
- Freedom of the Press Foundation
- White House
- Skydance Corporation
- Skydance Media
- Nickelodeon
- Showtime
- Comedy Central
- DC Studios
- Food Network
- Mattel
- Academy Awards
- California Attorney General's Office
Locations
- Los Angeles
- United States
- Hollywood
- California