medianexis.
medianexis.
Subscribe

Paramount Skydance’s WBD takeover officially closes, rebranded as Skydance

Puck’s William D. Cohan reports that Paramount Skydance’s acquisition of Warner Bros. Discovery has closed for $111 billion, plus roughly $3 billion more in legal costs, M&A fees and a Netflix breakup fee, with the combined company now named Skydance.

Why it matters. The closing sets a precedent for how far studios and regulators will let legacy media consolidation go, with the combined company’s scale now the benchmark rivals must answer.

Signal from puck.news · William D. Cohan · read the original.

All gas. No brake. Free.

What’s happening, why it matters, who reported it, who followed, and how the story develops. Free with a reader account. Unsubscribe any time.

Continue free →

More from Streaming

All →

Why Skydance will sell CBS stations, but not all of them

TVREV’s Tim Hanlon reports that Skydance, carrying roughly $80 billion in net debt after closing the Warner Bros. Discovery deal, is positioned to become a net seller of CBS’s local stations while protecting major-market O&Os and profitable duopolies like Los Angeles’s KCBS-KCAL.

Skydance bonds sink, stock whipsaws as JB Perrette resets top lieutenants

The Ankler’s Sean McNulty reports that Skydance’s bonds slumped after last week’s $41 billion merger-debt offering, triggering a trader sell-off this week that has since partly rebounded.

Ellison: Paramount-WBD merger is Hollywood’s answer to Big Tech

Deadline’s Jill Goldsmith reports that Skydance CEO David Ellison told CNBC the Paramount-Warner Bros. Discovery merger fixes Hollywood’s failure to pivot when big tech entered media a decade ago.