Skydance Completes Acquisition of Warner Bros. Discovery, Plans to Merge HBO Max and Paramount+ Streaming Services

Skydance has finalized its $111 billion acquisition of Warner Bros. Discovery, creating a new entertainment conglomerate. The deal brings together major film studios and numerous TV networks, with plans to eventually unify the HBO Max and Paramount+ streaming services into a single platform. This merger is expected to lead to significant cost-cutting and layoffs, reshaping the Hollywood landscape and affecting audiences of both streaming services.