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Skydance to merge with Paramount and Warner Bros.

PUBLIC · PSKYOct 02, 2026

Acquiring Company

New Paramount

Acquired Company

New Paramount

PyrmontPyrmontMedia And EntertainmentMusicFilmFilm ProductionMedia And EntertainmentMusicFilmFilm Production

Description

David Ellison announced the merger that will form Skydance, with Paramount and Warner Bros. as sub-brands. The deal, closing on October 6, aims to preserve the identities of the iconic studios while enhancing their storytelling capabilities. The new company, Skydance, is envisioned as a creative-first hub for ambitious projects.

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 New Paramount?

New Paramount was acquired by New Paramount, based in Pyrmont. The deal was reported on October 2, 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 New Paramount?

New Paramount's acquisition of New Paramount was reported on October 2, 2026. David Ellison announced the merger that will form Skydance, with Paramount and Warner Bros. as sub-brands. The deal, closing on October 6, aims to preserve the identities of the iconic studios while enhancing their storytelling capabilities. 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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