Paramount formally completed the acquisition of Warner Bros. Discovery on October 6, 2026. The newly formed outfit, dubbed Skydance, now brings together under a single leadership Warner Bros., Paramount Pictures, HBO, CBS, DC Studios, Paramount+, and HBO Max. The deal, valued at around $110 billion, creates one of the world's largest cinema and television groups.
This closing clears the last conditional terms that still framed the group’s structure. David Ellison and Ynon Kreiz take the helm, while the executives named before the deal’s closure can now assume their roles within the reunited company.
In the film industry, Dana Goldberg and Josh Greenstein oversee the Skydance Motion Picture Group, which brings together Paramount Pictures and Warner Bros. Their remit spans development, production, distribution, and franchise strategy.
James Gunn and Peter Safran will remain at the helm of DC Studios, overseeing films, series, animation and video games. In television and streaming, Casey Bloys preserves a central role in supervising the original programming for HBO Max and Paramount+, while George Cheeks leads the TV division that unites Warner Bros. Television Studios, CBS Studios and Paramount Television Studios.
The move brings together, under a single umbrella, a number of major catalogs and franchises, including Harry Potter, the DC Universe, Game of Thrones, Mission: Impossible and Star Trek.
Skydance reiterates its goal of delivering at least 30 theatrical releases per year. While the merger’s exact impact on schedules, teams, and the futures of Paramount+ and HBO Max remains unclear, the company says cinema will continue to be a central pillar of growth for the new group.
The finalization marks the start of an integration phase, with effects that should become clearer over time: how labels will be organized, how platforms will be coordinated, who will retain creative leadership, and potential tweaks to release calendars. At this stage, there has been no official detailing of a merger between Paramount+ and HBO Max.
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