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Warner Bros. Discovery

Entertainment

Warner Bros. Studios Leavesden Revenues Climb 11% to $390 Million Thanks to ‘Harry Potter’ Tour, Increased Production (EXCLUSIVE)

Warner Bros. Studios Leavesden, the studio’s flagship U.K. production hub, saw revenues climb 11% year-on-year, according to its latest financial accounts. The studios, located just outside London, brought in £292 million ($390 million) in the year ending 2025, up from £264 million the previous year. Gross profits jumped 10% (from £182 million to £200 million) […]

Entertainment

David Zaslav Gets $606 Million Payout From Paramount-Warner Bros. Merger

David Zaslav is out of a job. But he’s getting a prodigious sum of $606 million as he leaves Warner Bros. Discovery, the company he fused together and led for more than four years before it agreed to be acquired by David Ellison’s Paramount. Zaslav, who was Warner Bros. Discovery’s president and CEO, will receive […]

Politics

Paramount wraps up mega Warner Bros merger to create Hollywood powerhouse Skydance

Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's ​largest entertainment and news businesses. The deal brings together the studios behind "Mission: Impossible," "Harry Potter" and DC Studios alongside major television and streaming networks such as CBS, CNN and HBO Max. The Ellison family has notably held a long relationship with Republican President Donald Trump, who said that Skydance is “going to be a great company.”

Entertainment

Skydance Stock Drops 2.7% on First Day of Trading After Paramount-WBD Merger Close

David Ellison said the vision behind Skydance Corp., formed Tuesday by the closing of the Paramount-Warner Bros. Discovery merger, was to “create a stronger competitor” and build a company that “empowers creatives, entertains audiences and rewards shareholders.” But on Day One of the new Skydance, investors seem skeptical of its prospects: Shares of the company, […]

Entertainment

David Zaslav Bids Farewell to Warner Bros. Employees in Video on Eve of Skydance Merger Close: ‘It’s Been a Great Honor to Be Alongside All of You’

David Zaslav, four and a half years after closing the debt-burdened deal that formed Warner Bros. Discovery, is bidding farewell to the company’s employees as it is about to get swallowed up by David Ellison’s Paramount — to create a media giant saddled with even more debt. Zaslav, president and CEO of Warner Bros. Discovery, […]

Entertainment

Paramount-Warner Bros. Merger Set to Close Next Week After Judge OKs Settlement With State AGs

Paramount chief David Ellison, after a fierce year-long battle, is finally about to get his hands on Warner Bros. Discovery — in the most expensive takeover in Hollywood history. On Wednesday, U.S. District Judge Araceli Martínez-Olguín, who is overseeing the antitrust case aimed at blocking the Paramount-Warner Bros. deal approved Paramount’s settlement with the 12 […]

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Entertainment

Paramount Says Timing for Warner Bros. Deal Close ‘If Any’ Is ‘Not Yet Certain’ but Pencils In Oct. 5 Date to Issue PSKY Shareholders Warrants Tied to WBD Merger

Paramount Skydance’s $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but the company is preparing for the deal to close within the next few weeks. In an SEC filing Friday, Paramount said its board on Sept. 25 “determined to voluntarily withdraw the listing of its Class B common […]

Entertainment

Judge Questions Legal Points of Paramount’s Settlement With States at Hearing, Says a Ruling Will Come in ‘Due Course’

The judge overseeing the antitrust case filed by 12 state attorneys general seeking to block the Paramount-Warner Bros. Discovery merger questioned the parties about their settlement at a hearing Thursday. U.S. District Judge Araceli Martínez-Olguín has not yet ruled on whether to approve the proposed settlement, and set the virtual hearing to cover “outstanding questions” […]

Entertainment

Paramount to Raise $7.5 Billion More in Debt to Fund Warner Bros. Deal

Paramount Skydance said Thursday it is launching a syndication to raise $7.5 billion through a proposed senior secured incremental tranche of term “B” loans. The David Ellison-led company it will use the funds toward its $111 billion Warner Bros. Discovery merger and to pay down certain other debt. In total, Paramount said it now intends […]

Entertainment

Judge in Paramount-State AGs Case Still Has Questions, Schedules Hearing on Settlement Terms

Paramount’s deal with the 12 state attorneys general to settle their antitrust lawsuit over the Warner Bros. Discovery merger is not official just yet: The judge in the case has some “outstanding questions” about the settlement, which requires her approval before it takes effect. In an order issued Tuesday, U.S. District Judge Araceli Martinez-Olguin granted […]

Entertainment

All the Top Shows, Movies and Networks in the Merged Paramount-Warner Bros: ‘Yellowstone,’ ‘Harry Potter,’ ‘Mission: Impossible’ and DC Under One Roof

In line with mega-mergers that have come before, the impending marriage of Paramount Skydance and Warner Bros. Discovery will lead to a media company packed with assets. What differentiates this deal — which is now in the clear to move forward — from others is the sheer amount of brands and intellectual property in play. […]

World

Paramount Skydance finds agreement with 12 US states to buy back Warner Bros Discovery

Paramount Skydance has reached an amicable agreement, which still needs to be approved by a California federal judge, in order to obtain the abandonment of the proceedings brought by twelve US states challenging the acquisition of Warner Bros Discovery. In particular, the group is committed to increasing its investment in film production and to creating a council on editorial independence of news channels.

World

Fusion Paramount-Warner Bros: the saga continues, an agreement reached with twelve American states

We still have to wait for the validation of a judge, but the essential thing is done: Paramount Skydance agreed with twelve US states to terminate the proceedings challenging the acquisition of Warner Bros Discovery (WBD). "This merger has an economic stake with the taking of a dominant position, but also concerns about the editorial line" because changes have already been observed on CBS, reports France 24 correspondent in Los Angeles, Loïc Pialat.

Entertainment

Paramount-Warner Bros. Settlement: What the Guilds, AGs and Activists Are Saying

After almost a year in the trenches pulling together his historic combination of Paramount Skydance and Warner Bros. Discovery, David Ellison has finally emerged victorious. On Monday, the Silicon Valley heir confirmed he’d reached a settlement with a group of state attorneys general, who sued to block the merger over antitrust concerns. The proposed merger […]

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Entertainment

WGA Settles Antitrust Lawsuit With Paramount Over Warner Bros. Discovery Merger

The Writers Guild of America East and Writers Guild of America West, jointly the WGA, have settled their lawsuit to block the proposed merger of Paramount Skydance and Warner Bros. Discovery per a statement released by the organization Monday. The settlement comes following the news that Paramount has reached a deal with 12 state attorneys […]

Entertainment

What’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, Additional $300M Yearly Investment in U.S. Film Production, CNN Oversight and More

The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed. Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios […]

Entertainment

Paramount and California AG Bonta Reportedly in ‘Advanced Talks’ to Settle Antitrust Suit

David Ellison’s Paramount Skydance is in “advanced talks” with California Attorney General Rob Bonta to settle the 12-state antitrust suit that’s holding up its takeover of Warner Bros. Discovery, the Wall Street Journal reported Friday, citing anonymous sources. A Paramount spokesperson declined to comment. A rep for Bonta’s office said, “Potential settlement talks are confidential. […]