Paramount Skydance completed its acquisition of Warner Bros. Discovery, giving rise to the giant media conglomerate Skydance with a scale of approximately ¥17 trillion. The two brand names are expected to continue to be used, and the company announced that it aims to become a next-generation enterprise driven by creativity and technology.
Paramount Skydance of the United States announced on the 6th that it had completed its acquisition of Warner Bros. Discovery, giving rise to the giant media conglomerate Skydance. The transaction will bring multiple film studios, streaming services and television networks including CNN and CBS under its umbrella.
The acquisition is valued at approximately $110 billion in enterprise value, or approximately ¥17 trillion, and Skydance has indicated that it intends to retain the Paramount and Warner Bros. names as brands. In a statement, the company said it aims to become a next-generation global media and entertainment company driven by creativity and technology.
Regarding the acquisition of Warner, Netflix had reached an agreement in 2025 to acquire its film and streaming businesses, but Paramount subsequently presented a higher bid. Paramount prevailed in the bidding contest with Netflix, and an agreement was reached in February 2026 for Paramount to acquire Warner.