David Ellison says combined Paramount and Warner Bros Discovery will be named Skydance
PSKY•Paramount Skydance CEO David Ellison said the combined company will be named Skydance after its merger with Warner Bros Discovery closes next week. The $110 billion acquisition received a U.S. court order allowing it to close.
1. New company name
David Ellison said the combined company would be named Skydance once Paramount Skydance’s merger with Warner Bros Discovery closes next week. He said the name gives the company its own identity while keeping the Paramount and Warner Bros studios’ identities intact.
2. Court clears acquisition
A U.S. judge entered an order allowing Paramount Skydance to close its $110 billion acquisition of Warner Bros Discovery. The order approved a September 21 settlement with a California-led group of 12 states that had sued to block the merger, arguing it could create a media giant capable of driving up film and TV prices.
