Skydance Reports Studio-driven Profit, Targets $6B in Cuts and Streaming Bundle

WHO:

NY Post - Skydance and Paramount are the businesses discussed; Paramount+ is one of their streaming products.

Variety - Skydance and Paramount are discussed; the article says the Paramount part of the business generated a profit.

Deadline - Skydance is described as a Hollywood mega-studio; Paramount Skydance is identified as the reporting entity.

WHAT:

NY Post - Skydance detailed plans to cut $6 billion in costs and set a streaming bundle for early next year.

NY Post - Paramount+ revenue rose 21% in the third quarter.

Variety - The Paramount part of the business reported a $73 million profit, a swing from a loss in the year-earlier period.

Variety - The reported results did not include data from Skydance’s new properties.

Deadline - The report gave Paramount Skydance net income of $73 billion and revenue of about $7 billion.

Deadline - The figures covered Paramount Skydance alone.

WHEN:

NY Post - The streaming bundle is targeted for early next year.

Variety - The merger deal closed in October, after the fiscal reporting period.

Deadline - Skydance’s acquisition of Warner Bros. Discovery closed on Oct. 6; the report was its first quarterly earnings report since the acquisition.

Deadline - The merger closed during the fourth quarter, so most figures did not include the newly acquired properties.

WHY:

NY Post - The newly merged business expects to rely heavily on its streaming products for growth.

HOW:

NY Post - Skydance plans to reduce costs by $6 billion and pursue growth through streaming products, including a streaming bundle.

Variety - The acquisition’s late closing meant the reported results excluded data from the new properties.

(UPDATED November 9, 2026 23:00 UTC)

Skydance plans $6 billion in cost cuts as Paramount+ revenue climbs 21%. Paramount’s business swung to a $73 million profit, excluding newly acquired properties. The merged company plans a streaming bundle early next year to drive growth.