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{{Infobox company
{{Infobox company
| name =  
| name = Skydance Corporation
| logo =  
| logo = Skydance Media 2020.svg
| logo_size = 230px
| logo_size = 230px
| logo_caption =  
| logo_caption =  
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}}
}}
| brands = {{hlist|[[5 (British TV channel)|5]]|[[BET]]|[[CBS]]|[[CBS News]]|[[CBS Sports]]|[[CMT (American TV channel)|CMT]]|[[Comedy Central]]|[[MTV]]|[[Network 10]]|[[Nickelodeon]]|[[Nick Jr. Channel|Nick Jr.]]|[[Paramount+]]|[[Paramount Network]]|[[Paramount Pictures]]|[[Paramount Animation]]|[[Pluto TV]]|[[Pop (American TV channel)|Pop]]|[[Showtime (TV network)|Showtime]]|[[Skydance Animation]]|[[Skydance Sports]]|[[Smithsonian Channel]]|[[TV Land]]|[[HBO Max]]|[[HBO]]|[[Warner Bros. Entertainment]]|[[CNN]]/[[CNN International]]|[[TBS (American TV channel)|TBS]]|[[DC Entertainment]]|[[TNT Sports International]]|[[Cartoon Network]]|[[New Line Cinema]]|[[Discovery Channel|Discovery]]|[[Science Channel]]|[[American Heroes Channel]]|[[Asian Food Network]]|[[Bleacher Report]]|[[Destination America]]|[[Turner Classic Movies]]|[[Turner Network Television|TNT]]|[[Adult Swim]]}}
| brands = {{hlist|[[5 (British TV channel)|5]]|[[BET]]|[[CBS]]|[[CBS News]]|[[CBS Sports]]|[[CMT (American TV channel)|CMT]]|[[Comedy Central]]|[[MTV]]|[[Network 10]]|[[Nickelodeon]]|[[Nick Jr. Channel|Nick Jr.]]|[[Paramount+]]|[[Paramount Network]]|[[Paramount Pictures]]|[[Paramount Animation]]|[[Pluto TV]]|[[Pop (American TV channel)|Pop]]|[[Showtime (TV network)|Showtime]]|[[Skydance Animation]]|[[Skydance Sports]]|[[Smithsonian Channel]]|[[TV Land]]|[[HBO Max]]|[[HBO]]|[[Warner Bros. Entertainment]]|[[CNN]]/[[CNN International]]|[[TBS (American TV channel)|TBS]]|[[DC Entertainment]]|[[TNT Sports International]]|[[Cartoon Network]]|[[New Line Cinema]]|[[Discovery Channel|Discovery]]|[[Science Channel]]|[[American Heroes Channel]]|[[Asian Food Network]]|[[Bleacher Report]]|[[Destination America]]|[[Turner Classic Movies]]|[[Turner Network Television|TNT]]|[[Adult Swim]]}}
}}The '''unnamed Paramount-Warner Bros. company''' will be an American [[Multinational corporation|multinational]] [[mass media]] and [[entertainment]] [[Conglomerate (company)|conglomerate]] formed by the [[Proposed acquisition of Warner Bros. Discovery by Paramount Skydance|proposed merger]] of [[Paramount Skydance]] and [[Warner Bros. Discovery]].
}}
 
'''Skydance Corporation''' will be an American [[Multinational corporation|multinational]] [[mass media]] and [[entertainment]] [[Conglomerate (company)|conglomerate]] formed by the [[Proposed acquisition of Warner Bros. Discovery by Paramount Skydance|proposed merger]] of [[Paramount Skydance]] and [[Warner Bros. Discovery]].


== Background ==
== Background ==

Revision as of 13:25, 2 October 2026

Template:Infobox company

Skydance Corporation will be an American multinational mass media and entertainment conglomerate formed by the proposed merger of Paramount Skydance and Warner Bros. Discovery.

Background

Through an assortment of corporate mergers, splits, and partnerships, Paramount Skydance, Warner Bros. Discovery, it’s predecessors and subsidiaries shared a long history prior to the merger of the companies..[1]

1912–1986

Paramount Pictures was founded in 1912 as the Famous Players Film Company.[2] CBS was founded in 1927, which Paramount Pictures held a 49% ownership stake in from 1929 to 1932.[3][4]

On April 4, 1923, Warner Bros. Pictures, Inc. was officially established, as the brothers focused entirely on the motion picture industry.[5] In 1927, Warner Bros. Pictures revolutionized the film industry by releasing its first sound film (or "talkie"), The Jazz Singer, starring Al Jolson.[6]

In 1952, CBS formed CBS Television Film Sales, a division which handled broadcast syndication rights for CBS's library of network-owned television series.[7][8][9] This division was renamed CBS Films in 1958[10][11] and again renamed CBS Enterprises Inc. on December 1, 1967.[12][13] It was renamed Viacom (an acronym of Video and Audio Communications) in 1970.[14] In 1971, this syndication division was spun off amid new FCC rules forbidding television networks from owning syndication companies. These rules were eventually abolished completely in 1993.[15]

Meanwhile, Paramount Pictures was acquired by Gulf and Western Industries in 1966, which then re-branded itself as Paramount Communications in 1989.[16]

1986–2005

In 1986, Viacom purchased MTV Networks and Showtime/The Movie Channel Inc. from Warner Communications and American Express.[17] In 1987, a majority stake in Viacom was acquired by theater operator company National Amusements.[18]

Viacom then purchased a 50.1% stake in Paramount Communications in February 1994 for $9.75 billion, following a five-month battle with shopping channel QVC. The merger was completed in July.[19][20][21] In 1999, Viacom made its biggest acquisition to date by announcing plans to merge with its former parent CBS Corporation (the renamed Westinghouse Electric Corporation, which had merged with CBS in 1995). The merger was completed in 2000, resulting in CBS reuniting with its former syndication division.[22][23]

2005–2026

On December 31, 2005, Viacom was split into two companies: the second incarnation of CBS Corporation, the former's corporate successor, and the second incarnation of Viacom, which was formed as a spin-off.[23][24]

Template:FurtherTemplate:Further

Skydance Media was founded in 2006 by David Ellison.[25] In 2009, Skydance and Paramount Pictures signed a five-year co-financing, production and distribution agreement, with Paramount holding an additional option of distribution.[25] That deal was extended twice, in 2013 and 2017.[26][27]

On July 24, 2025, the FCC approved the merger between Paramount Global and Skydance Media.[28][29][30][31]

Formation

Template:More citations needed section After Paramount began making unsolicited offers to acquire WBD as a whole, the WBD board of directors placed the company up for auction on October 21, 2025, to maximize shareholder value. The auction was won in December 2025 by Netflix, Inc., which offered $82.7 billion to acquire just the WB studio business. Paramount continued to make unsolicited offers for the entirety of WBD, arguing that a Netflix acquisition of WB would give it an undue position in the subscription video on demand (SVOD) market, and that the company's attitudes towards theatrical film were potentially damaging to the cinema industry. Paramount CEO David Ellison stated that it would release at least 30 films per year if it acquired WBD, and would maintain industry standard release windows and the creative independence of divisions such as HBO.

In February 2026, Paramount made a revised offer to acquire WBD at $31 per share, pay Netflix's breakup fee, and—as a display of confidence that the sale would be approved and completed quickly—pay an ongoing penalty to WBD shareholders if the sale was not completed by a specific deadline. Paramount's offer was deemed superior by the WBD board, and was approved by its shareholders on April 23, 2026. On June 12, 2026, the sale was approved by the U.S. Department of Justice.

Supporters argue that the acquisition is necessary for the studios to achieve the scale needed to compete with tech companies, while preserving a commitment to the cinema industry. Members of the film industry have expressed concern over the resulting scale of the company, its potential impact on movie theaters, cable television, and jobs, as well as the Ellison family's relationship with the Trump administration and its potential influence on the editorial operations of CNN. The European Commission imposed conditions requiring Paramount to exit its United International Pictures distribution venture with Universal Pictures, while the United Kingdom is requiring that its individual news and children's businesses maintain editorial independence, and will prohibit the combination of its linear and on-demand services for five years.

In July 2026, California and 11 other U.S. states, as well as the Writers Guild of America, filed antitrust lawsuits in a California federal court to delay the consummation of the purchase. California argued that the combined company's share of box office and cable television revenue post-acquisition would give it undue leverage over film exhibitors and television providers, and that the consolidation would reduce viewpoint diversity and the quality of its output. On September 21, 2026, Paramount announced a proposed out-of-court settlement with the twelve states, subject to a five-year consent decree mandating specific investments towards film production and acquisition, restrictions on its engagement with film exhibitors and television providers, and the establishment of an independent board to oversee the editorial integrity and independence of CBS News and CNN post-acquisition, among other conditions. Amid concerns the antitrust remedies were not strong enough to address the original concerns raised in the suit. The settlement was approved by the court on September 30, 2026, with Paramount stating that it expected to complete the acquisition by October 6, 2026. That same day, Paramount announced that former Mattel CEO Ynon Kreiz would be joining the newly-merged firm as co-CEO.[32] A day later, it was announced that Casey Bloys would become president of the division currently known as Paramount Streaming, replacing Cindy Holland.[33]

References

  1. ↑ Grantham-Philips, Wyatte (2024-07-08). "Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power". American newspaper and broadcast members. https://apnews.com/article/paramount-skydance-redstone-entertainment-merger-8ba177aebe4ec6c3152e5b8ef82a72e0. 
  2. ↑ Abel, Richard (1994). The Ciné Goes to Town: French Cinema, 1896–1914. Berkeley, California: University of California Press. p. 10. ISBN 0-520-07936-1. 
  3. ↑ Bergreen, Laurence (1980). Look Now, Pay Later: The Rise of Network Broadcasting. New York City: Doubleday and Co.. p. 61. ISBN 978-0-451-61966-2. https://archive.org/details/looknowpaylaterr00berg. 
  4. ↑ Barnouw, Erik (1966). A Tower in Babel: A History of Broadcasting in the United States to 1933. New York City: Oxford University Press. p. 261. ISBN 978-0-19-500474-8. 
  5. ↑ Maas, Jennifer (23 March 2022). "Warner Bros. Reveals 100th Anniversary Logo, Teases Rollout of Commemorative Content, Products and Events" (in en-US). https://variety.com/2022/tv/news/warner-bros-100-anniversary-logo-1235212556/. 
  6. ↑ "Warner, Movie Magnate, Dies: Sam Warner, Former Youngstown Man, Rose from Obscurity to Leader in Field". The Youngstown Daily Vindicator. October 5, 1927. 
  7. ↑ "Broadcasting Magazine". January 14, 1952. 94. https://worldradiohistory.com/Archive-BC/BC-1952/BC-1952-01-14.pdf. 
  8. ↑ "Broadcasting Magazine". March 17, 1952. 88. https://worldradiohistory.com/Archive-BC/BC-1952/BC-1952-03-17.pdf. 
  9. ↑ "Broadcasting Magazine". June 23, 1952. 80. https://worldradiohistory.com/hd2/IDX-Business/Magazines/Broadcasting-IDX/1952-Broadcasting/1952-06-23-Broadcasting-Page-0080.pdf. 
  10. ↑ "Broadcasting Magazine". September 22, 1958. 31–33. https://worldradiohistory.com/Archive-BC/BC-1958/1958-09-22-BC.pdf. 
  11. ↑ "Broadcasting Magazine". October 13, 1958. 49. https://worldradiohistory.com/Archive-BC/BC-1958/1958-10-13-BC.pdf. 
  12. ↑ "Name change at CBS". December 4, 1967. 1. https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/67-OCR/1967-12-04-BC-OCR-Page-0009.pdf#search=%22cbs%20enterprises%20inc%22. 
  13. ↑ "Broadcasting Magazine". January 29, 1968. 8. https://www.worldradiohistory.com/Archive-All-BC/Broadcasting-Magazine/BC-1968/1968-01-29-BC.pdf. 
  14. ↑ "Broadcasting Magazine". July 6, 1970. 19. https://worldradiohistory.com/Archive-BC/BC-1970/1970-07-06-BC.pdf. 
  15. ↑ Croteau, Davivd R.; Hoynes, William (2005). The Business of Media: Corporate Media and the Public Interest. Thousand Oaks, California: SAGE Publications, Inc. pp. 100–101. ISBN 978-1412913157. 
  16. ↑ Williams, Linda (April 10, 1989). "Gulf & Western Wants Buyer for Finance Division: Paramount's Parent Plans to Change Name, Focus on Entertainment, Publishing". Los Angeles Times. ISSN 2165-1736. OCLC 3638237. https://www.latimes.com/archives/la-xpm-1989-04-10-fi-1718-story.html. 
  17. ↑ Fabrikant, Geraldine (September 17, 1986). "Viacom Chief Leads Group's Buyout Bid". The New York Times. ISSN 1553-8095. OCLC 1645522. https://www.nytimes.com/1986/09/17/business/viacom-chief-leads-group-s-buyout-bid.html. "In November 1985, Viacom acquired MTV for $326 million in cash and warrants. One-third of MTV was publicly owned; the rest was owned by Warner Communications and the American Express Company. At the same time, Viacom bought 50 percent of Showtime, the pay television service, that it did not already own for $184 million." 
  18. ↑ "Viacom Inc. has acquired Viacom International Inc.". Los Angeles Times. June 10, 1987. ISSN 2165-1736. OCLC 3638237. https://www.latimes.com/archives/la-xpm-1987-06-10-fi-3671-story.html. 
  19. ↑ Fabrikant, Geraldine (February 15, 1994). "Executives Say That Viacom Has Won Paramount Battle". The New York Times: p. A1. ISSN 1553-8095. OCLC 1645522. https://www.nytimes.com/1994/02/15/business/executives-say-that-viacom-has-won-paramount-battle.html. 
  20. ↑ "Annual Report". United States Government Publishing Office. https://www.sec.gov/Archives/edgar/data/44482/0000950112-94-002132.txt. 
  21. ↑ Template:Cite magazine
  22. ↑ Croteau, David; Hoynes, William (2006). "3". The business of media : corporate media and the public interest (2nd ed.). Thousand Oaks, California: Pine Forge. p. 85. ISBN 978-1412913157. https://books.google.com/books?id=s1GYiTi2vgAC. 
  23. ↑ 23.0 23.1 Wilkerson, David B. (October 18, 2005). "Viacom moves up split date" (in EN-US). Dow Jones & Company. https://www.marketwatch.com/story/viacom-moves-up-split-date-to-end-of-2005. 
  24. ↑ "CBS And Viacom Complete Merger". CBS News and Stations. April 26, 2000. https://www.cbsnews.com/news/cbs-and-viacom-complete-merger/. 
  25. ↑ 25.0 25.1 Eller, Claudia (August 16, 2010). "David Ellison raises $350 million to co-fund movies with Paramount". Los Angeles Times. ISSN 2165-1736. OCLC 3638237. https://latimesblogs.latimes.com/entertainmentnewsbuzz/2010/08/david-ellison-raises-350-million-to-cofund-movies-with-paramount.html. 
  26. ↑ Fleming, Mike Jr. (March 19, 2016). "David Ellison's Skydance Raises $700 Million In Funding For Film, TV Slates". Penske Media Corporation. https://deadline.com/2016/03/david-ellison-skydance-700-million-dollars-funding-film-tv-slates-mission-impossible-star-trek-1201727848/. 
  27. ↑ Galuppo, Mia (August 7, 2017). "Skydance, Paramount Ink New Four-Year Deal". The Hollywood Reporter. https://www.hollywoodreporter.com/news/general-news/skydance-paramount-ink-new-four-year-deal-1027197/. 
  28. ↑ Template:Cite magazine
  29. ↑ Hayes, Dade (July 25, 2025). "Paramount Co-CEOs Confirm Skydance Deal Closing Date, Laud Employee Efforts During Process". Penske Media Corporation. https://deadline.com/2025/07/paramount-reveals-closing-date-of-skydance-merger-1236469123/. 
  30. ↑ Hayden, Erik (July 25, 2025). "Nearly Done: Paramount-Skydance Merger Gets Deal Close Date". https://www.hollywoodreporter.com/business/business-news/paramount-skydance-close-date-1236329737/. 
  31. ↑ Spangler, Todd (July 25, 2025). "Paramount and Skydance Expect Deal to Close Aug. 7". https://variety.com/2025/tv/news/paramount-skydance-deal-close-date-1236470440/. 
  32. ↑ Spangler, Todd (2026-09-30). "Paramount-Warner Bros. Merger Set to Close Next Week After Judge OKs Settlement With State AGs" (in en-US). https://variety.com/2026/film/news/paramount-warner-bros-merger-judge-approves-settlement-ags-1236893467/. 
  33. ↑ Bouma, Luke (2026-10-01). "The Head of HBO Is Taking Over All of Paramount's Streaming, Including Pluto TV & Paramount+" (in en-US). https://cordcuttersnews.com/the-head-of-hbo-is-taking-over-all-of-paramounts-streaming-including-pluto-tv-paramount/. 
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