It’s day two of David Ellison’s Skydance Corp. merger gamble, and so far Wall Street isn’t eager to bet on it. Shares in the post-merger Skydance, trading on the New York Stock Exchange under the ticker symbol “SKYD,” were down nearly 8% as of 10:40 a.m. ET on Wednesday, hovering at around $8.82/share. That was […]
Skydance Corp., formed from the megamerger of Paramount and Warner Bros. Discovery, is bringing new blood to its board of directors. On Tuesday, the company announced that Laurene Powell Jobs, founder and president of Emerson Collective, and Bobby Kotick, founder and former CEO of Activision, are joining the board as independent directors. As previously announced, […]
President Donald Trump, who is friendly with David Ellison and his father, Larry Ellison, gave a big thumbs-up to Paramount’s megamerger with Warner Bros. Discovery, which closed earlier Tuesday to form Skydance Corp. “I’m happy about that. That’s great,” Trump told reporters Tuesday on the lawn of the White House when he was informed that […]
David Ellison said the vision behind Skydance Corp., formed Tuesday by the closing of the Paramount-Warner Bros. Discovery merger, was to “create a stronger competitor” and build a company that “empowers creatives, entertains audiences and rewards shareholders.” But on Day One of the new Skydance, investors seem skeptical of its prospects: Shares of the company, […]
Paramount Skydance and Warner Bros. Discovery have officially merged into Skydance Corp. And the top leaders have notified the new company’s staffers that layoffs are in the offing. David Ellison, chairman and CEO, and co-CEO Ynon Kreiz (formerly chief exec of Mattel) sent a memo to employees at the combined company Tuesday morning around 9:40 […]
It’s been a hell of a ride. David Ellison’s quest to control two iconic Hollywood studios has finally been completed — added a rollicking new chapter to the storied recent history of Hollywood megamergers. On the morning of Tuesday, Oct. 6, the Paramount-Warner Bros. Discovery merger officially closed. The new company, Skydance Corp., brings together […]
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 […]
On Sunday night, John Oliver dedicated the majority of his Emmy-winning show “Last Week Tonight” to the Secret Service’s failings in recent years while declining to address the major media news of the week: David Ellison’s newly-formed Skydance Corp. swallowing up Warner Bros. Discovery — which controls Oliver’s network HBO — and merging it with […]
David Ellison, on the eve of officially closing the Paramount-Warner Bros. Discovery merger to form Skydance Corp., has announced his picks for the senior execs to run his new company. The new leadership team will be led by Ellison, chairman and CEO, and co-CEO Ynon Kreiz, the former Mattel chief who joins Skydance starting Monday. […]
The big media news this week concerned Skydance Corp., David Ellison’s newly formed Hollywood mega-company comprising Paramount Skydance and Warner Bros. Discovery, which Ellison (and his father Larry) acquired in a $111 billion debt-addled merger that is set to officially close Oct. 6. What the long-term future of the studio behemoth may look like is […]
David Ellison has emerged victorious. And he’s boldly — or arrogantly, if you prefer — decided to name the entertainment giant that he’s bolted together Skydance Corp., nodding to the original name of his film production firm that has swallowed up two Hollywood studios over the past 14 months. Defying skeptics and beating back opponents, […]