David Ellison Renames Combined Paramount-Warner as Skydance
Dow Jones
Oct 02
Paramount Chief Executive David Ellison said he would rename his combined company Skydance after acquiring Warner Bros. Discovery.
"Paramount and Warner Bros. shaped over a century of culture," Ellison said Friday on social media. "By combining them, we aren't rewriting history-we're equipping these iconic studios with a more powerful engine.
Ellison said Skydance will focus on "bold, quality storytelling."
A federal judge on Wednesday approved Paramount's settlement with 12 state attorneys general, paving the way for the $81-billion acquisition of Warner Bros. Discovery.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.