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Paramount, Warner Bros. to operate under Skydance name
Paramount and Warner Bros. Discovery will operate as Skydance once their merger closes, Paramount CEO David Ellison said on October 2.
The Paramount and Warner Bros. brands will remain under the new corporate identity.
The transaction, valued at about US$110 billion, is expected to combine Paramount+ and HBO Max, along with TV networks including CBS and CNN.
Skydance, Ellison’s US-based media company, describes itself as a film and entertainment company.
The deal follows earlier Warner Bros. Discovery sale talks, with Netflix in exclusive talks rather than a completed acquisition agreement.
A judge on September 30 approved a settlement in an antitrust case brought by 12 US states, removing a legal obstacle to closing.
🔗 Source: TechCrunch
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