Skydance has been revealed as the new name of the company for the merger of Paramount/Skydance and Warner Bros Discovery into one entity. The $110 billon merger is expected to officially close on Tuesday, October 6.
AEW’s media rights deal with WBD for TBS and HBO Max is set to expire in 2027 with an option year for 2028.
From David Ellison:
Paramount CEO David Ellison stated in a post to social media on Friday, that all of the WBD entities will still remain as individual brands under the new Skydance banner, further noting he wants thoose brands to remain “in the spotlight”.
Paramount and Warner Bros. shaped over a century of culture. By combining them, we aren’t rewriting history — we’re equipping these iconic studios with a more powerful engine. Together, we are Skydance: a creative-first home for bold, quality storytelling.
We chose this name for a few important reasons. First and foremost, as we bring Paramount and Warner Bros. together, we wanted to preserve what has made each of these studios iconic. Both have distinct identities, extraordinary legacies and brands that have resonated with audiences for generations. We never wanted a new corporate identity to diminish, alter or overshadow either one. Instead, we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. — and all our extraordinary brands — to remain in the spotlight.
We have big goals for Skydance, and we intend to pursue them with passion, imagination and a willingness to take smart risks. At the same time, we will honor what makes Paramount and Warner Bros. special — giving both studios the opportunity to grow, tell more great stories and bring those stories to even broader audiences around the world, powered by the scale and capabilities of Skydance.
I couldn’t be more excited about what we’re going to build together.