In TrendsStock MarketStocks to WatchNifty OutlookGold and SilverStocks to BuyPM-KISANParamount wraps up mega Warner Bros merger to create Hollywood powerhouse SkydanceParamount Skydance completed a $110 billion takeover of Warner Bros. Discovery on Tuesday, creating a media giant led by CEO David Ellison that combines major film studios, television networks, and stBy Reuters October 7, 2026, 7:04:14 AM IST (Published)Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros. Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's largest entertainment and news businesses.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.The merger is a chance "to build the next-generation media and entertainment company, powered by creativity and technology," Ellison said in a memo to employees on Tuesday, outlining his vision. The goal, he added, was not simply to get bigger but "to take on the biggest players in our industry."The new company, called Skydance, is the latest iteration of a conglomerate once controlled by the late Sumner Redstone that has precipitously…
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