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In line with mega-mergers that have come before, the impending marriage of Paramount Skydance and Warner Bros. Discovery will lead to a media company packed with assets. What differentiates this deal — which is now
in the clear to move forward — from others is the sheer amount of brands and intellectual property in play.
David Ellison’s newly merged entity will house a mountain of content, given that Paramount (which was acquired last year by Skydance Media) and Warner Bros. (which was bought by Discovery) have already doubled up their respective lineups of TV shows, movies, streamers and networks. Ellison told employees Monday he expects the Paramount-Warner Bros. merger to close in about two weeks following the settlement of the 12-state antitrust lawsuit that sought to block the deal.
The programming list alone is a monster to contend with, spanning Harry Potter (which is about to be revived with a new HBO series) and “Game of Thrones” at Warner Bros. Discovery and Paramount’s “Yellowstone” universe and Nickelodeon empire. But then there are also the streaming services (HBO Max and Paramount+), linear networks (e.g., HGTV and CBS), news organizations (CNN and CBS News) and other entities, like video game studios, to account for.
See below for a list of combined Paramount-Warner Bros. Discovery assets set to be owned by the merged company.
TOP IP & FRANCHISES
Paramount
Yellowstone
Mission: Impossible
Top Gun
Transformers
Teenage Mutant Ninja Turtles
Dora the Explorer
Paw Patrol
South Park
Star Trek
The Godfather
SpongeBob Square Pants
Avatar: The Last Airbender
Warner Bros. Discovery
Harry Potter
The Lord of the Rings
The DC Universe
Game of Thrones
Dune (distribution rights)
Friends
Mortal Kombat
Looney Tunes
The Matrix
Tournament of Champions
Chopped
Home Town
House Hunters
90 Day Fiance
FILM & TV PRODUCTION STUDIOS
Paramount
Paramount Pictures
Paramount Television Studios (including MTV Entertainment Studios)
CBS Studios
Skydance Media
Paramount Animation
Warner Bros. Discovery
Warner Bros. Pictures
Warner Bros. Television Studios
New Line Cinema
DC Studios
LINEAR TV NETWORKS
Paramount
CBS
Nickelodeon/Nick Jr.
MTV
VH1
CMT
Comedy Central
Showtime
Paramount Network
BET
TV Land
Warner Bros. Discovery
CNN
HBO
Cartoon Network/Adult Swim
TBS
TNT
truTV
Discovery Channel
HGTV
Food Network
TLC
Investigation Discovery (ID)
Magnolia Network (joint venture with Chip and Joanna Gaines)
OWN
Animal Planet
STREAMING SERVICES
Paramount
Paramount+
Pluto TV
Warner Bros. Discovery
HBO Max
Discovery+
NEWS
Paramount
CBS News
Warner Bros. Discovery
CNN
GAMING
Paramount
Paramount Games Studio (made up of combined Skydance New Media and Skydance Interactive)
Warner Bros. Discovery
Warner Bros. Games
Warner Bros. Games Montreal
Avalanche
NetherRealm Studios
Rocksteady
TT Games
Pictured above (clockwise from top left): Food Network’s “Tournament of Champions”; Paramount+’s “Dutton Ranch”; HBO’s “Harry Potter”; Nickelodeon’s “SpongeBob SquarePants”













