Paramount Takes Over Warner Bros in $110bn Hollywood Merger

The Paramount and Warner Bros merger is set to reshape Hollywood and the media landscape, with a combined entity called Skydance Corporation expected to be re-branded under this name.

Paramount will acquire ownership of iconic franchises such as Harry Potter, Game of Thrones, The Lord of the Rings, Indiana Jones, Mission: Impossible, and Shrek, adding to its existing catalogue of hit franchises including Indiana Jones, Mission: Impossible, and Shrek.

The merger is expected to bring together a host of entities including HBO, CBS, Nickelodeon, Showtime, Comedy Central, DC Studios, and Food Network, with the goal of creating a stronger competitor in the film industry.

Paramount has agreed to establish a 'news editorial independence board' to ensure independent, objective, fact-based reporting at CNN and CBS, following concerns over politics and editorial independence at these news outlets since their merger in 2025.

The merger of two of Hollywood's biggest movie studios comes after months of legal disputes and concern over competition.

Watch: What the Paramount and Warner Bros deal means for you

Paramount Skydance has officially taken over Warner Bros Discovery in a $110bn merger that is set to reshape Hollywood and the media landscape.

The takeover - merging two of the biggest studios in Los Angeles - comes after months of legal disputes and widespread criticism over feared cuts and consolidation could harm competition and consumers.

It will alter streaming for millions, usher in a new chapter in the film and TV industry, and leave one of the biggest US news outlets, CNN, in uncertain territory.

The merger will also bring together a host of entities including HBO, CBS, Nickelodeon, Showtime, Comedy Central, DC Studios and Food Network.

The newly merged entertainment behemoth will be re-branded under the name Skydance Corporation, the company originally founded by David Ellison before he took over both Paramount and Warner Bros Discovery.

Ellison, chairman and chief executive of Skydance, said the completion of the deal was