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Paramount and Warner Bros Discovery to become Skydance in $110B deal

Paramount and Warner Bros. Discovery will operate under the name Skydance once their roughly $110 billion merger closes on October 6, CEO David Ellison announced.

The combined company will unite two major Hollywood studios, streaming platforms Paramount+ and HBO Max, and networks including CBS, CNN, MTV and Comedy Central. It will also control franchises such as Harry Potter, the DC Universe, Game of Thrones and Mission: Impossible.

Ellison said the Paramount and Warner Bros. brands would remain central, writing that the new name gives the company ‘an identity of its own’ while letting both studios stay in the spotlight.

The deal cleared its last major hurdle when a US judge approved a settlement with 12 state attorneys general who had sued to block it over competition concerns. Regulators in about 70 countries have cleared the transaction.

The company plans to change its legal name to Skydance Corporation on October 6, when its Class B shares move from Nasdaq to the New York Stock Exchange under the ticker SKYD.

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