Verified Evidence: resolved · Fact Lock: locked · QA: pass
Paramount and Warner Bros. completed a merger on October 6, 2026, creating a new entertainment company operating under the name Skydance.

The deal marks the union of two major American film studios and concludes a process closely watched in Hollywood. Paramount acquired Warner Bros.; Deutsche Welle, however, identifies the scope of the deal as Warner Bros. Discovery.

According to Euronews, the new group will include CNN, HBO and franchises such as The Godfather and Harry Potter. The outlet reported the list of assets and brands in the context of the merger.

The completion came after a period marked by legal disputes, public protests and regulatory scrutiny. Competition concerns had already emerged during the course of the deal.

A significant discrepancy also remains in the published figures for the transaction’s value: BBC News reported $110 billion, while Deutsche Welle put the figure at $81 billion. The two valuations have not been reconciled in the available material.

Regarding the leadership of the new studios, The Hindu names David Ellison and Ynon Kreiz in connection with leading the resulting structure. The attribution is reported by the outlet in its account of the merger.

Tagesschau reported concerns about possible job losses in Hollywood and greater political influence linked to the deal. These are concerns reported by the outlet, not outcomes that have already been established.

The merger thus brings together two major U.S. film groups in a company operating as Skydance, while competition and regulatory issues have remained central throughout the deal process.