New Name of Paramount-Warner Bros. Unveiled: Skydance

Key Points:

• The soon-to-merge Paramount and Warner Bros. Discovery will form a new entertainment conglomerate named "Skydance," led by chairman and CEO David Ellison and co-CEO Ynon Kreiz, with the deal closing on October 6.
• Skydance will combine major movie studios, HBO Max and Paramount+ streaming services, and TV networks like CBS, CNN, MTV, and more, housing franchises such as Harry Potter, Lord of the Rings, Game of Thrones, the DC Universe, and Nickelodeon.
• The company will move its stock listing from Nasdaq to the New York Stock Exchange, changing its ticker symbol from "PSKY" to "SKYD," and will officially change its corporate name to Skydance Corporation.
• The merger deal, valued at $111 billion, overcame regulatory hurdles including a 12-state antitrust lawsuit, with significant financing backed by Larry Ellison and sovereign wealth funds from Saudi Arabia, Qatar, and the UAE, which will collectively own 38.5% of the new company.
• David Ellison emphasized that the Skydance name was chosen to preserve the distinct legacies of Paramount and Warner Bros. while creating a new identity focused on bold, quality storytelling and global audience growth.