Paramount and Warner Bros. Discovery complete $110 billion media megamerger

<figure> <img alt="Paramount logo on a blue background." data-caption="" data-portal-copyright="Image: The Verge" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/02/STKB385_PARAMOUNT_B.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">Paramount has <a href="https://www.skydance.com/news/press/paramount-completes-acquisition-of-warner-bros-discovery-creating-a-new-global-entertainment-leader-skydance">completed its $110 billion acquisition</a> of Warner Bros. Discovery, forming a <a href="https://www.theverge.com/entertainment/1004016/paramount-warner-bros-skydance-megamerger-name">combined company known as Skydance</a>. The merger officially puts Paramount and WBD's film studios, along with major networks and brands like HBO, CBS News, and CNN, under one roof.</p> <p class="wp-block-paragraph">The <a href="https://www.theverge.com/news/839007/netflix-warner-acquisition">road to the media megamerger</a> has been a rocky one for Paramount, which <a href="https://www.theverge.com/entertainment/886478/warner-bros-discovery-paramount-merger-agreement">secured an agreement</a> in February after waging a months-long battle against Netflix for WBD. Since then, it has faced criticism from both lawmakers and Hollywood talent <a href="https://abcnews.com/GMA/Culture/hollywood-stars-signal-opposition-paramount-warner-bros-merger/story?id=131999208">about the negative impact of media consolidation</a>.</p> <p class="wp-block-paragraph">Paramount <a href="https://www.theverge.com/entertainment/998302/paramount-warner-bros-discovery-merger-settlement">cleared its last major hurdle last month</a>, as it settled with 12 states that …</p> <p><a href="https://www.theverge.com/entertainment/1005480/paramount-warner-bros-discovey-merger-closed">Read the full story at The Verge.</a></p>