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Warner Bros. Discovery to acquire Paramount for merger

PUBLIC · WBDOct 03, 2026

Acquiring Company

Warner Bros. Discovery

Acquired Company

New Paramount

New YorkPyrmontMedia And EntertainmentPublishingFilmFilm ProductionEntertainment ProvidersentertainmentMedia And EntertainmentMusicFilmFilm Production

Description

Warner Bros. Discovery is set to acquire Paramount, which will adopt the Skydance name. The acquisition aims to bundle the streaming services HBO Max and Paramount+. Key executives are exploring the potential for a bundling strategy rather than merging the platforms into a single entity.

Company Information

Company

Warner Bros. Discovery

Location

Gender

New York, New York, United States

About

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. The new company combines WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading non-fiction and international entertainment and sports businesses.

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Frequently asked

Who acquired New Paramount?

New Paramount was acquired by Warner Bros. Discovery, based in New York. The deal was reported on October 3, 2026. Warner Bros. Warner Bros. Discovery is publicly traded (WBD) and operates in Media And Entertainment.

When did Warner Bros. Discovery acquire New Paramount?

Warner Bros. Discovery's acquisition of New Paramount was reported on October 3, 2026. Warner Bros. Discovery is set to acquire Paramount, which will adopt the Skydance name. The acquisition aims to bundle the streaming services HBO Max and Paramount+. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does New Paramount do?

Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences. It is publicly traded (PSKY), operating in Media And Entertainment, and is based in Pyrmont.

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