Paramount Skydance CEO David Ellison says the company formed by the merger of Paramount and Warner Bros. Discovery will be called Skydance, with the $110 billion deal expected to complete next week.
Key facts
- The combined company will be named Skydance.
- The merger with Warner Bros. Discovery is valued at $110 billion, according to The Verge.
- The deal is expected to complete next week, according to The Verge.
- Paramount Skydance CEO David Ellison made the announcement in a post on X.
Paramount Skydance CEO David Ellison has announced that the combined company created by the merger of Paramount and Warner Bros. Discovery will be called Skydance, according to CNBC and The Verge.
In a post on X, Ellison said the company wanted a name that would give the combined company an identity of its own, according to The Verge.
The Verge reported that the merger is valued at $110 billion and is expected to complete next week, marking a major consolidation in the media and entertainment industry.
Ellison already leads Paramount Skydance. The naming decision was shared publicly ahead of the deal’s completion.
Why it matters
The merger brings together two of the largest names in film and television under a single banner, which could reshape the competitive landscape in entertainment and streaming. The choice of the Skydance name indicates how the new company intends to present itself to viewers and investors.
Frequently asked questions
What will the merged Paramount and Warner Bros. Discovery company be called?
According to CNBC and The Verge, the combined company will be called Skydance, as announced by CEO David Ellison.
How much is the merger worth?
The Verge reported the merger with Warner Bros. Discovery is valued at $110 billion.
When is the deal expected to close?
The Verge reported the merger is expected to complete next week.