Skydance’s $110 billion creation tests whether France’s cultural exception can still compel a leveraged global media giant to fund, protect and prioritise French creativity, or merely treat it as a compliance cost.
The completion this month of Paramount’s $110 billion acquisition of Warner Bros. Discovery has created Skydance: a media behemoth that, as a result of the transaction, comprises some of Hollywood’s most recognisable studios, including Warner Brothers, Paramount Pictures, HBO, Paramount +, a vast television portfolio, as well as news platforms, CNN and CBS.
