Paramount and Warner Bros. Discovery to merge under new Skydance corporate identity

Paramount CEO David Ellison announced that Paramount and Warner Bros. Discovery will operate as Skydance once their roughly $110 billion merger closes on October 6, 2026. The combined company will control major franchises and networks, including Paramount+, HBO Max, CBS, CNN, MTV, TBS, Comedy Central, and Food Network. This move aims to give the combined entity a new identity while allowing individual brands to retain their spotlight.