Paramount Closes Merger With Warner Bros. Discovery to Form Skydance NYT - Business By: Benjamin Mullin 6 October 2026 at 16:25 After a legal battle, the two Hollywood giants have become one. But the new company is saddled with debt, and in a memo to employees, its leaders hinted at cost cuts. © Mark Abramson for The New York TimesThe new company, called Skydance, will combine Warner Bros. and Paramount Pictures, as well as news networks and streaming services.
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