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The Independent UK
The Independent UK
Wyatte Grantham-Philips

Paramount closes deal for Warner Bros. Discovery, creating Hollywood giant Skydance

Paramount Warner Skydance Discovery David Ellison Hollywood CNN Netflix Ynon Kreiz CBS

Paramount has finalized its $81 billion purchase of Warner Bros. Discovery, the companies announced on Tuesday, forming a unified Hollywood giant that will now be known as Skydance.

The consolidation brings together two of America’s oldest moviemaking studios.

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