After a series of meetings and negotiations, Paramount and Warner Bros. Discovery will now be known as Skydance, according to Deadline. With this merger underway, there is simply no telling what lies in store for the two biggest media companies.

For those who don’t know, Paramount has been trying to settle a merger with Warner Bros. Discovery. Recently, Paramount was able to acquire Warner Bros. Discovery for $110+ billion. According to Deadline, CEO David Ellison issued this tweet regarding the merging of the two TV and film production giants. The post can be viewed below. Ellison’s Skydance was able to acquire Paramount back in August 2025, taking advantage of Paramount’s consumer brand, thus changing the name to “Paramount a Skydance Corporation.”

When it came to the final decision of the name, one goal kept in mind was the preservation of the history of both Paramount and Warner Bros. According to Deadline, Ellison stated, “We never wanted a new corporate identity to diminish, alter or overshadow either one. Instead, we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. – and all our extraordinary brands – to remain in the spotlight.”

The process for the merger was not an easy feat, because the two large media companies had to face many hurdles. One such hurdle was an antitrust lawsuit by 12 state attorneys general along with the Writers Guild of America who called the action an illegal monopoly. According to Deadline, the lawsuits’ settlement required the separation of both Paramount and Warner Bros. Discovery operations in several business areas, laid out in a five-year consent decree. The settlement also guards against one of the major studios from being dissolved.

With this new merger underway, this will be a brand new beginning for Skydance.

What once was the peak, is now just the beginning.

Paramount and Warner Bros. shaped over a century of culture. By combining them, we aren’t rewriting history — we’re equipping these iconic studios with a more powerful engine. Together, we are Skydance: a creative-first home for… pic.twitter.com/uInLRY3IrE

— David Ellison (@davidellison) October 2, 2026