Skydance emerges as global entertainment giant after Paramount-Warner deal

NAMPA / Xinhua

2026-10-07

LOS ANGELES, Oct. 6 (Xinhua) -- Paramount Skydance completed its takeover of Warner Bros. Discovery on Tuesday, creating a sprawling company called Skydance that brings two century-old Hollywood studios, two global streaming services and two major U.S. news organizations under one corporate roof. The cash-and-debt transaction was valued at nearly 111 billion U.S. dollars, making it one of the largest media mergers on record. Skydance said the......

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