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# Ellison clears final hurdle as Paramount-Warner Bros. deal set to close
- URL: https://www.medianexis.com/ellison-clears-final-hurdle-as-paramount-warner-bros-deal-set-to-close/
- Published: 2026-10-04T13:32:06.000Z
- Updated: 2026-10-04T13:32:06.000Z
- Description: Variety’s Todd Spangler reports the $111 billion Paramount-Warner Bros. Discovery merger, renamed Skydance Corp., closes Oct. 6 after a judge approved a settlement with state attorneys general, ending a year-long pursuit by David Ellison.
- Author: The Signals Desk
- Tags: Streaming, Todd Spangler, Ankler: Cindy Holland exits Paramount streaming

**Why it matters.** Ellison and new co-CEO Ynon Kreiz must now move quickly to cut leverage and prove integration across film, linear TV and streaming, or Wall Street will punish the combined company’s debt load.

*Signal from* [*variety.com*](https://variety.com/?ref=medianexis.com) *·* [*Todd Spangler*](https://www.medianexis.com/tag/by-todd-spangler/) *·* [*read the original*](https://variety.com/2026/film/news/skydance-david-ellison-paramount-warner-bros-merger-debt-1236898108/?ref=medianexis.com)*.*