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Paramount acquires Warner Bros. Discovery

PUBLIC · PSKYOct 08, 2026

Acquiring Company

New Paramount

Acquired Company

Warner Bros. Discovery

PyrmontNew YorkMedia And EntertainmentMusicFilmFilm ProductionMedia And EntertainmentPublishingFilmFilm ProductionEntertainment Providersentertainment

Description

Paramount has officially completed its acquisition of Warner Bros. Discovery, finalizing the deal on October 6. David Zaslav, the former CEO of Warner Bros. Discovery, will receive $606 million as part of the merger. This marks a significant shift in the media landscape, as Warner Bros. Discovery's operations will now be integrated under Paramount's banner. Key executives from Warner Bros. Discovery are also exiting as the merger concludes.

Company Information

Company

New Paramount

Location

Pyrmont, New South Wales, Australia

About

Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences. The Company first launched with Feature Films and has since strategically expanded to include Television, Interactive, Animation, New Media and Sports, with studios in Los Angeles, Silicon Valley, Spain and Canada. Skydance’s films includes the box office record-breaking Top Gun: Maverick, The Adam Project which debuted as the number one movie on Netflix, The Tomorrow War on Amazon Prime Video which became the number one streaming film upon its release, as well as the critically-acclaimed The Old Guard on Netflix. In total, Skydance’s films have earned more than $7 billion at the worldwide box office. The studio’s film slate includes The Greatest Beer Run Ever, plus the upcoming Ghosted, The Family Plan for Apple TV+; Heart of Stone, The Old Guard 2 and a reboot of the Spy Kids film franchise for Netflix; and the seventh and eighth installments of the Mission: Impossible global franchise. Skydance Television is a leading supplier of premium scripted content across a range of platforms including Netflix, Amazon Prime Video and Apple TV+. The studio’s current slate includes the Emmy-nominated series Grace and Frankie, which became Netflix’s longest running series following the release of its final season earlier this year, as well as Foundation, Reacher, Tom Clancy’s Jack Ryan, Condor, The Big Door Prize and an untitled spy series starring Arnold Schwarzenegger in his first ever scripted television series. Skydance Interactive creates and publishes original and IP-based virtual reality and other immersive video games including the top-selling The Walking Dead: Saints & Sinners, which received several award nominations, including “Best VR/AR Game” at the 2020 Game Awards. Skydance New Media creates narratively focused interactive experiences crafted as original series, putting the audience at the center of the action and adventure, with the first two productions being with Marvel Entertainment and Lucasfilm Games respectively. Skydance Sports develops premium scripted and unscripted sports-related content, documentaries and events. Skydance Sports is currently in production on two projects for Amazon Prime Video: the docuseries Good Neighbors and an untitled Air Jordan film starring Ben Affleck and Matt Damon and directed by Affleck. Skydance Animation develops and produces high-end feature films and television series with full production capability across two studios in Los Angeles and Madrid. The first two slated movies are Luck and Spellbound, the first short film is Blush, and the first series is Wondla, all premiering on Apple TV+.

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Frequently asked

Who acquired Warner Bros. Discovery?

Warner Bros. Discovery was acquired by New Paramount, based in Pyrmont. The deal was reported on October 8, 2026. Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences. New Paramount is publicly traded (PSKY) and operates in Media And Entertainment.

When did New Paramount acquire Warner Bros. Discovery?

New Paramount's acquisition of Warner Bros. Discovery was reported on October 8, 2026. Paramount has officially completed its acquisition of Warner Bros. Discovery, finalizing the deal on October 6. David Zaslav, the former CEO of Warner Bros. Discovery, will receive $606 million as part of the merger. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Warner Bros. Discovery do?

Warner Bros. Discovery, a premier global media and entertainment company, offers audiences the world’s most differentiated and complete portfolio of content, brands and franchises across television, film, streaming and gaming. It is publicly traded (WBD), operating in Media And Entertainment, and is based in New York.

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