In TrendsStock MarketStocks to WatchNifty OutlookGold and SilverStocks to BuyPM-KISANParamount wraps up mega Warner Bros merger to create Hollywood powerhouse SkydanceThe deal brings Paramount, Warner Bros, HBO Max, CBS, CNN and Paramount+ under one company led by CEO David Ellison. The combined group will target $6 billion in cost savings while carrying about $80 billion in debt.By Reuters October 6, 2026, 7:39:55 PM IST (Published)(Photo Credit : Reuters )Paramount Skydance on Tuesday completed its blockbuster $110 billion takeover of Warner Bros Discovery, creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one of the world’s largest entertainment companies.The deal brings together the studios behind ”Mission: Impossible,” ”Harry Potter” and DC Studios alongside major television and streaming networks such as CBS, CNN, Paramount+ and HBO Max — forming an expansive entertainment company spanning film, TV and news.Shares of the combined company moved to the New York Stock Exchange from Nasdaq on Tuesday to trade under the ticker ”SKYD.”Settlements with a coalition of US states and a Hollywood writers union removed the main legal barriers to the merger, one of the largest in media history. It comes as Hollywood faces declining cable-TV subscriptions, high cost of competing for…
Original source: https://www.cnbctv18.com/entertainment/
