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Skydance to be New Name for Combined Paramount and Warner Bros Discovery
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CNBC TV18•02-10-2026, 20:52
Skydance to be New Name for Combined Paramount and Warner Bros Discovery
- •David Ellison announced the combined entity of Paramount and Warner Bros Discovery will be named Skydance, aiming to maintain separate identities for the studios.
- •The new name, Skydance Corporation, will become legal on October 6, with its Class B shares moving to NYSE under the ticker ‘SKYD’.
- •A US judge approved the $110 billion acquisition of Warner Bros Discovery by Paramount Skydance, ending a months-long holdup.
- •Ynon Kreiz was named co-CEO to manage day-to-day operations and integration, while Ellison focuses on creative direction and strategy.
- •The new company faces the challenge of saving $6 billion in costs and managing approximately $80 billion in combined debt.
Key Questions Answered
Upon closing the merger, the combined entity will be called Skydance, with the legal name changing to Skydance Corporation on October 6 according to a regulatory filing.
Paramount Skydance's Class B shares are expected to move from Nasdaq to the New York Stock Exchange on October 6, where they will trade under the ticker symbol "SKYD".
A US judge entered an order allowing Paramount Skydance to close its $110 billion acquisition after approving a September settlement with a California-led group of 12 states that had sued to block the merger.
