Paramount Completes $110 Billion Warner Bros Discovery Merger, Forms Skydance

By EC Assets · Published 6 October 2026

Paramount Skydance completed its $110 billion takeover of Warner Bros Discovery on Tuesday. This merger created a new Hollywood entity named Skydance. The transaction resulted in a "Big Four" studio. David Ellison now controls Skydance as its Chief Executive Officer. The merger combines Paramount Skydance and Warner Bros. Discovery. This creates a Hollywood heavyweight. Skydance film chiefs Dana Goldberg and Josh Greenstein are tasked with rebuilding Warner Bros. and Paramount. David Ellison, a longtime Skydance producer, believes these executives can deliver 30 movies a year. Josh Greenstein is a former Sony marketing whiz. The merger brings together two major entertainment companies. It has implications for synergies, debt risks, and the streaming market. This article is intended for informational purposes only. It does not constitute investment advice.