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It’s official: Paramount and Warner Bros. Discovery are now a single company — joined together as Skydance Corp., led by chairman and CEO David Ellison.
The deal, valued
at $111 billion, brings together two major studios, TV networks including CBS, CNN, Comedy Central, MTV and TBS, and streaming services Paramount+ and HBO Max. The new Skydance will have annual revenue of $70 billion, the company says — but it also will have to wrestle with $80 billion in net debt.
More to come
