Economy · Los Angeles, United States · United States of America · October 6, 2026

Paramount Skydance completes Warner Bros. Discovery takeover

Reported by 1 outlet · under-reported · first reported Oct 5, 8:00 PM ET

The merger of Paramount Skydance and Warner Bros. Discovery took effect, combining the two media groups into a company named Skydance.

Why it matters

The deal consolidates major Hollywood studios and news networks under one owner, reshaping the global media landscape.

Background

Skydance, led by David Ellison, merged with Paramount Global in 2025. Warner Bros. Discovery owns studios, HBO and CNN, and had been the subject of a bidding contest.

The story so far

1. Oct 6Paramount Skydance completes Warner Bros. Discovery takeover
2. Oct 7Paramount Skydance completes Warner Bros. Discovery takeover

Follow the whole story →

Sources

• AFP ↗October 6, 2026

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Oct 6's stories