Skydance Completes $81 Billion Acquisition of Warner Bros. Discovery, Forming New Entity
Skydance-owned Paramount has completed its $81 billion acquisition of Warner Bros. Discovery, merging two major Hollywood entities to form a new, larger company named Skydance.
Miami Fort Lauderdale, FL, October 6, 2026 — Skydance has finalized its acquisition of Warner Bros. Discovery, a transaction valued at $81 billion. The completion of this deal merges two prominent entities within the entertainment industry, creating a new, larger company that will operate under the name Skydance.
The acquisition brings together the assets and operations of both Skydance-owned Paramount and Warner Bros. Discovery. The finalization of this significant deal marks a new chapter for the combined businesses, aiming to leverage the strengths of each entity in the evolving media landscape.
Details regarding the specific timeline of the acquisition’s completion beyond its finalization were not provided. The stated purchase price for the transaction is $81 billion.
The newly formed company will carry the Skydance name. Further information regarding the strategic implications or operational changes resulting from this merger was not detailed in the provided summary.
Story summarized from the original created by By WYATTE GRANTHAM-PHILIPS, Associated Press on www.local10.com, see more information here.
