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Ellison clears final hurdle as Paramount-Warner Bros. deal set to close

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.

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 · Todd Spangler · read the original.

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