Hollywood has a new giant. Paramount Skydance has finished its $110 billion deal to take over Warner Bros. Discovery. This move brings together movie studios, television networks and streaming services under one single company. David Ellison is now, in charge of the combined business. The company will trade on the New York Stock Exchange with the ticker "SKYD.”
The merger brings together names such as Paramount, Warner Bros., CBS, CNN, HBO Max and Paramount+. But the bigger story may be what Ellison wants to do next. He is pushing Skydance toward a technology-driven future, as per a report by CNN and Detroit News.
