AI Image
David Ellison named combined Paramount-Warner Bros. Discovery Skydance
CNBC • • business
Key Points:
- Paramount Skydance CEO David Ellison announced that after merging with Warner Bros. Discovery next week, the combined company will be named Skydance, trading under the ticker "SKYD."
- The new name aims to preserve Paramount and Warner Bros. as distinct studios while creating a unified corporate identity for the merged entity.
- The merger follows two major acquisitions by Ellison's Skydance within 18 months, including the purchase of Paramount in 2025 and the recent Warner Bros. Discovery deal valued at approximately $110 billion.
- The combined studios are projected to release 35 films next year, highlighting the scale of the new entertainment powerhouse.
- Upon closing, David Ellison and outgoing Mattel CEO Ynon Kreiz will serve as co-CEOs of Skydance.
