10/02/2026
Paramount and Warner Bros. Discovery will become one company called Skydance when their $111 billion deal closes October 6.
Chairman and CEO David Ellison chose the name of his original film production company, Skydance Media. He says the goal was to give the combined company an identity of its own while Paramount and Warner Bros. stay in the spotlight with their own legacies.
The company brings together two of Hollywood's biggest movie studios, HBO Max, Paramount+ and TV brands like CBS, CNN, MTV and Comedy Central. Franchises include Harry Potter, Game of Thrones, the DC Universe, Yellowstone and Top Gun.
The company plans to move its stock from Nasdaq to the New York Stock Exchange on October 6 and change its ticker from PSKY to SKYD. Ynon Kreiz joins as co-CEO October 5. The deal cleared its final hurdle when a judge approved a settlement with 12 states that had sued to block it.