Public filings show David Ellison and his family invested about $17 billion to complete Paramount Skydance’s acquisition of Warner Bros. Discovery.

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Skydance-owned Paramount has completed its $81 billion acquisition of Warner Bros. Discovery. The new Hollywood giant will operate under the Skydance name, led by billionaire David Ellison and new co-CEO Ynon Kreiz.

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Paramount Skydance completed its $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight and giving CEO David Ellison control of one of the world’s largest entertainment and news businesses. The deal combines the studios behind Mission: Impossible, Harry Potter and DC Studios with networks including CBS, CNN and HBO Max.

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Skydance-owned Paramount completed its $81 billion acquisition of Warner Bros. Discovery on Tuesday, creating a new Hollywood giant. The deal combines two of America’s oldest movie studios under the new name Skydance.

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Paramount Skydance has completed its $110 billion takeover of Warner Bros., creating a Hollywood heavyweight called Skydance and putting CEO David Ellison in control. NBC News’ Brian Cheung reports on the merger’s details.

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Paramount Skydance CEO David Ellison says Paramount and Warner Bros. will operate under the “Skydance” name once their merger is completed. Entertainment journalist Brian Balthazar discusses the acquisition and the company’s planned rebrand.

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Seaport Research Partners Senior Analyst David Joyce says Ynon Kreiz is a good choice to join Paramount Skydance as co-CEO after the merged company completes its pending $110 billion acquisition of Warner Bros. Discovery.

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Bloomberg entertainment reporter Lucas Shaw says Paramount Skydance’s acquisition of Warner Bros. Discovery could reshape Hollywood. The deal also raises questions about debt, further consolidation and how two legacy media companies can grow as cable declines and streaming growth slows, while Netflix faces pressure to find new sources of expansion.

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