Paramount and Warner Bros. Merge in Landmark $111 Billion Deal
WHO:
ABC News - Skydance-owned Paramount, Warner Bros. Discovery, David Ellison (CEO), Ynon Kreiz (co-CEO)
ABC News - Jane Fonda, Mark Ruffalo, Denis Villeneuve, J.J. Abrams, Sally Field (celebrities opposing the merger)
ABC News - Trump (President of the United States), Pete Hegseth (Secretary of Defense)
WHAT:
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
Variety - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
Deadline - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
Deadline - David Ellison revealed that HBO Max and Paramount+ will eventually combine into a single service over time after a "short-term" bundling phase.
Coming Soon - President Trump expressed his approval of the merger, stating, “I’m happy about [the merger].”
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was pursued after Warner disclosed it was open to selling parts or all of its business.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Settling these challenges marked a key hurdle ahead of closing the deal. Critics decried the deal as capitulating to corporate pressure and said the remedies were too weak.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - The company expects to indirectly own nearly 50% of equity interests from foreign investors, but has requested clearance for up to 100% to account for potential future investments.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - Skydance has closed its $81 billion takeover of Warner Bros. Discovery.
ABC News - The merger is valued at nearly $111 billion, including debt.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Settling these challenges marked a key hurdle ahead of closing the deal. Critics decried the deal as capitulating to corporate pressure and said the remedies were too weak.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - The company expects to indirectly own nearly 50% of equity interests from foreign investors, but has requested clearance for up to 100% to account for potential future investments.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - Skydance has closed its $81 billion takeover of Warner Bros. Discovery.
ABC News - The merger is valued at nearly $111 billion, including debt.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Settling these challenges marked a key hurdle ahead of closing the deal. Critics decried the deal as capitulating to corporate pressure and said the remedies were too weak.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - Skydance has closed its $81 billion takeover of Warner Bros. Discovery.
ABC News - The merger is valued at nearly $111 billion, including debt.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - The company expects to indirectly own nearly 50% of equity interests from foreign investors, but has requested clearance for up to 100% to account for potential future investments.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - Skydance has closed its $81 billion takeover of Warner Bros. Discovery.
ABC News - The merger is valued at nearly $111 billion, including debt.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was pursued after Warner disclosed it was open to selling parts or all of its business.
ABC News - Critics argue the merger will lead to fewer choices for consumers and less competition.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Settling these challenges marked a key hurdle ahead of closing the deal. Critics decried the deal as capitulating to corporate pressure and said the remedies were too weak.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - The company expects to indirectly own nearly 50% of equity interests from foreign investors, but has requested clearance for up to 100% to account for potential future investments.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - Skydance has closed its $81 billion takeover of Warner Bros. Discovery.
ABC News - The merger is valued at nearly $111 billion, including debt.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger officially closed, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was pursued after Warner disclosed it was open to selling parts or all of its business.
ABC News - Critics argue the merger will lead to fewer choices for consumers and less competition.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Settling these challenges marked a key hurdle ahead of closing the deal. Critics decried the deal as capitulating to corporate pressure and said the remedies were too weak.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - The company expects to indirectly own nearly 50% of equity interests from foreign investors, but has requested clearance for up to 100% to account for potential future investments.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger brings together two of America’s oldest moviemaking studios, including networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
ABC News - The merger was described as one of the biggest tie-ups ever in the media and entertainment industry.
ABC News - The acquisition amounted to nearly $111 billion, including debt.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - The merger includes a commitment from the company to increase film production in the U.S. over the next five years.
ABC News - The settlement agreements approved by a judge in September include pledges to commit millions of dollars to a fund aimed at supporting workers displaced by the merger and to establish new editorial monitoring of CNN and CBS.
ABC News - The company expects to indirectly own nearly 50% of equity interests from foreign investors, but has requested clearance for up to 100% to account for potential future investments.
ABC News - The merger officially closed on a Tuesday, creating a new Hollywood giant named Skydance.
ABC News - The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq.
ABC News - David Ellison stated, "Today is a historic day, not just for Skydance but for our entire industry."
ABC News - Skydance has closed its $81 billion takeover of Warner Bros. Discovery.
ABC News - The merger is valued at nearly $111 billion, including debt.
ABC News - The combined company will operate under the name Skydance.
ABC News - Paramount's offer to buy Warner was $31 per share.
ABC News - The merger agreement was finalized by late February.
ABC News - The company expects to increase film production in the U.S. over the next five years.
ABC News - The merger includes networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max.
WHERE:
ABC News - The merger involves major Hollywood studios and networks based in the United States.
WHEN:
ABC News - The merger was completed on a Tuesday.
ABC News - The mutual merger agreement was inked by late February.
ABC News - The settlement agreements were approved by a judge in September.
WHY:
ABC News - Critics, including FCC’s sole Democratic Commissioner, Anna Gomez, have called the approval of foreign ownership alarming and unprecedented, arguing it opens the door to behind-the-scenes influence.
ABC News - The merger was pursued after Warner disclosed it was open to selling parts or all of its business.
ABC News - Critics argue the merger will lead to fewer choices for consumers and less competition.
ABC News - Critics, including FCC’s sole Democratic Commissioner, Anna Gomez, have called the approval of foreign ownership alarming and unprecedented, arguing it opens the door to behind-the-scenes influence.
ABC News - The merger was pursued after Warner disclosed it was open to selling parts or all of its business.
ABC News - Critics argue the merger will lead to fewer choices for consumers and less competition.
HOW:
ABC News - To help fund its Warner buyout, Paramount racked up billions of dollars in financial backing from three Gulf countries: Saudi Arabia, Qatar, and the United Arab Emirates. The Federal Communications Commission approved the company’s request for sizeable indirect ownership from those foreign investors.
ABC News - Paramount previously disclosed it expected those funds to indirectly own nearly 50% of equity interests — but no voting rights — of what is now the larger Skydance. But the company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Federal Communications Commission approved Paramount's request for up to 100% indirect ownership from foreign investors, citing that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Federal Communications Commission approved Paramount's request for up to 100% indirect ownership from foreign investors, citing that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Federal Communications Commission approved Paramount's request for up to 100% indirect ownership from foreign investors, citing that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved Paramount's request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Federal Communications Commission approved Paramount's request for up to 100% indirect ownership from foreign investors, citing that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved Paramount's request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.
ABC News - Settlement agreements emerged in September. The states' terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger and again establish new editorial monitoring of CNN and CBS.
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved the company’s request for sizeable indirect ownership from foreign investors.
ABC News - The company asked for clearance of up to 100% to account for potential future investments, which the FCC granted.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration's Justice Department.
ABC News - In July, Democratic attorneys general from 12 states sued to block the merger, alleging it would “extinguish competition” and lead to fewer choices for consumers.
ABC News - The Federal Communications Commission approved Paramount's request for up to 100% indirect ownership from foreign investors, citing that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”
ABC News - Paramount secured billions of dollars in financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to fund the Warner buyout.
ABC News - The Federal Communications Commission approved Paramount's request for indirect ownership from foreign investors.
ABC News - Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide.
(UPDATED October 7, 2026 08:05 UTC)
The merger has officially closed, creating a new Hollywood giant named Skydance with an acquisition amounting to nearly $111 billion, including debt. The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq. President Trump expressed his approval of the merger, stating, “I’m happy about [the merger],” and David Ellison emphasized the historic significance of the day for the entire industry.
--
(UPDATED October 7, 2026 04:06 UTC)
The merger between Paramount and Warner Bros. Discovery has officially closed, creating a new Hollywood giant named Skydance, valued at nearly $111 billion, including debt. The combined company will begin trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery will no longer be available on the Nasdaq. As part of the merger, Skydance has committed to increasing film production in the U.S. over the next five years and has secured significant financial backing from Saudi Arabia, Qatar, and the United Arab Emirates to support the acquisition.
--
(UPDATED October 7, 2026 03:08 UTC)
The merger between Paramount and Warner Bros. Discovery has officially closed, creating a new Hollywood giant named Skydance, with the acquisition valued at nearly $111 billion, including debt. The combined company will begin trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery will no longer be available on the Nasdaq. As part of the settlement agreements approved by a judge, Skydance has committed to increasing film production in the U.S. over the next five years and establishing new editorial monitoring of networks like CNN and CBS.
--
(UPDATED October 7, 2026 02:15 UTC)
The merger has officially closed, creating a new Hollywood giant named Skydance, with an acquisition valued at nearly $111 billion, including debt. The combined company will operate under the Skydance name and will begin trading shares on the New York Stock Exchange, bringing together major networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max. David Ellison remarked that this is a historic day not just for Skydance, but for the entire industry, as the company commits to increasing film production in the U.S. over the next five years.
--
(UPDATED October 7, 2026 01:30 UTC)
The merger between Paramount and Warner Bros. Discovery has officially closed, creating a new Hollywood giant named Skydance, valued at nearly $111 billion, including debt. The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery have been discontinued on the Nasdaq, and it has committed to increasing film production in the U.S. over the next five years. This significant merger includes major networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max, marking one of the largest tie-ups in the media and entertainment industry.
--
(UPDATED October 6, 2026 21:59 UTC)
The merger between Paramount and Warner Bros. Discovery has officially closed, creating a new Hollywood giant named Skydance, valued at nearly $111 billion, including debt. The combined company will start trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery will be discontinued on the Nasdaq. As part of the agreement, Skydance has committed to increasing film production in the U.S. over the next five years and has secured significant financial backing from foreign investors to support this massive acquisition.
--
(UPDATED October 6, 2026 19:58 UTC)
The merger has officially closed, creating a new Hollywood giant named Skydance, with an acquisition valued at nearly $111 billion, including debt. This massive deal brings together major networks like CNN, CBS, Comedy Central, MTV, and TBS, as well as streaming services Paramount+ and HBO Max, and the combined company will soon start trading shares on the New York Stock Exchange. David Ellison remarked that this is a historic day for Skydance and the entire industry, as the company plans to increase film production in the U.S. over the next five years.
--
(UPDATED October 6, 2026 19:05 UTC)
The merger between Paramount and Warner Bros. Discovery has officially closed, resulting in the creation of a new Hollywood giant named Skydance, with an acquisition valued at nearly $111 billion. The combined company will begin trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery will no longer be available on the Nasdaq, and it has committed to increasing film production in the U.S. over the next five years. Additionally, settlement agreements approved by a judge include pledges to support displaced workers and enhance editorial monitoring of CNN and CBS, reflecting a significant shift in the media landscape.
--
(UPDATED October 6, 2026 17:03 UTC)
In a landmark move for the media and entertainment industry, two of America's oldest moviemaking studios have merged in a deal valued at nearly $111 billion, including debt. The combined company, which features networks like CNN, CBS, Comedy Central, MTV, and TBS, will begin trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery will no longer be available on the Nasdaq. To finance this significant acquisition, Paramount secured billions in backing from Saudi Arabia, Qatar, and the United Arab Emirates, with the Federal Communications Commission approving the company's request for substantial foreign investment.
--
(UPDATED October 6, 2026 16:01 UTC)
A major merger has been announced, with the company committing to increase film production in the U.S. over the next five years while also pledging millions to support workers displaced by the deal and establishing new editorial monitoring for CNN and CBS. Critics, including FCC Commissioner Anna Gomez, have raised concerns about the approval of foreign ownership, labeling it alarming and unprecedented due to the potential for behind-the-scenes influence. The merger cleared antitrust hurdles this summer, despite a lawsuit from Democratic attorneys general in 12 states aimed at blocking it, citing fears it would reduce competition and consumer choices.
--
(UPDATED October 6, 2026 15:01 UTC)
A significant merger has officially closed, resulting in the creation of a new Hollywood giant named Skydance. The combined company will begin trading shares on the New York Stock Exchange, while shares of Paramount and Warner Bros. Discovery will no longer be available on the Nasdaq. David Ellison remarked that this day marks a historic moment not only for Skydance but for the entire industry, following the Federal Communications Commission's approval of Paramount's request for increased foreign investment to bolster the broadcast sector.
--
(UPDATED October 6, 2026 14:05 UTC)
Skydance has successfully completed its $81 billion takeover of Warner Bros. Discovery, creating a combined company valued at nearly $111 billion, which will operate under the Skydance name. This merger includes major networks like CNN, CBS, and streaming services such as Paramount+ and HBO Max, and it has drawn criticism from celebrities like Jane Fonda and Mark Ruffalo, who argue it could reduce consumer choices. To finance the acquisition, Paramount secured substantial backing from investors in Saudi Arabia, Qatar, and the United Arab Emirates, while also navigating regulatory approvals for foreign ownership.