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The Independent UK
The Independent UK
Lifestyle
Wyatte Grantham-Philips

The much-contested Paramount-Warner Bros. merger is complete. Now what?

Paramount Warner Warner Bros Skydance Netflix Warner Bros Discovery
  • Paramount finalized its $81 billion acquisition of Warner Bros . Discovery, forming a unified Hollywood giant renamed Skydance.
  • Valued at nearly $111 billion including debt, the historic deal brings together legacy properties including HBO Max, CNN, Paramount+, CBS, Harry Potter, and Top Gun under one roof.
  • The newly consolidated media company will be led by Skydance CEO David Ellison alongside co-CEO Ynon Kreiz.
  • The acquisition concludes a yearlong corporate struggle that saw Paramount launch a hostile counterbid to disrupt Warner's initial agreement with Netflix .
  • Netflix ultimately bowed out of the bidding war after Paramount increased its offer to $31 per share for the entirety of Warner Bros. Discovery.

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