Skydance employees brace for expected restructure as megamerger dust settles

The Guardian UK Saturday 24 October 2026, 12:00 UTC By Mark Sweney 1 min read

Key Points

Battle far from over after Paramount and Warner Bros deal creates new global entertainment powerhouse“It feels like the calm before the storm,” says an executive at Skydance, the newly minted media empire formed from the megamerger of Paramount and Warner Bros Discovery (WBD). “David has got what he wanted, but now there is a price to pay.”Earlier this month, David Ellison, Skydance’s chief executive, sealed the $110bn (£82bn) deal, creating a global powerhouse spanning two Hollywood studios...

Battle far from over after Paramount and Warner Bros deal creates new global entertainment powerhouse

“It feels like the calm before the storm,” says an executive at Skydance, the newly minted media empire formed from the megamerger of Paramount and Warner Bros Discovery (WBD). “David has got what he wanted, but now there is a price to pay.”

Earlier this month, David Ellison, Skydance’s chief executive, sealed the $110bn (£82bn) deal, creating a global powerhouse spanning two Hollywood studios each more than a century old, the TV networks HBO, MTV and Discovery, and news outlets CBS and CNN.

Battle (ORG) Paramount (ORG) Warner Bros (ORG) Skydance (ORG) Warner Bros Discovery (ORG) David (PERSON) David Ellison (PERSON) Hollywood (LOCATION) HBO (ORG) MTV (ORG) CBS (ORG) CNN (ORG)

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