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Paramount and Warner Bros are now one Hollywood giant: Skydance. Here's how we got here
Summary by The Los Angeles Editorial Desk Wyatte Grantham-Philips | The Associated Press , as published by LAist (KPCC / Southern California Public Radio)
· October 6, 2026
· 1 min read
Photo: LAist (KPCC / Southern California Public Radio) · view original
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Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page Wyatte Grantham-Philips | The Associated Press, as published by LAist (KPCC / Southern California Public Radio) Original story Read at the source Source published Oct 6, 2026 Indexed here Oct 6, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Skydance-owned Paramount has completed its $81 billion acquisition of Warner Bros. The new company will be led by billionaire David Ellison and co-CEO Ynon Kreiz.
A major takeover has resulted in the creation of a new Hollywood giant. Skydance-owned Paramount has completed its $81 billion acquisition of Warner Bros. Discovery. The deal brings together two of America's oldest moviemaking studios under the name Skydance.
This merger combines notable titles and networks, including HBO Max, CNN, and Paramount+, under one entity. The new company will be led by billionaire David Ellison and co-CEO Ynon Kreiz.
Further details about the takeover and its implications are available, noting the significant concentration of power in the industry.
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LAist (KPCC / Southern California Public Radio) reported and published this story. The Los Angeles selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by LAist (KPCC / Southern California Public Radio) . The Los Angeles selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: Local Published: October 6, 2026 Source: LAist (KPCC / Southern California Public Radio) Reading time: 1 min
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What is this story about? A major takeover has resulted in the creation of a new Hollywood giant. Skydance-owned Paramount has completed its $81 billion acquisition of Warner Bros. Discovery. The deal brings together two of…
When was this published? This article was first published on October 6, 2026 by LAist (KPCC / Southern California Public Radio) and curated for The Los Angeles readers.
Who reported this story? This story was reported by Wyatte Grantham-Philips | The Associated Press at LAist (KPCC / Southern California Public Radio). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
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