The Paramount-Warner Bros. merger has officially closed:
β’ The deal, valued at $111B, brings together two major studios, TV networks including CBS, CNN, Comedy Central, MTV and TBS, and streaming services Paramount+ and HBO Max
β’ The new Skydance, led by David Ellison, will have annual revenue of $70B β but it also will have to wrestle with $80B in net debt
variety.com/2026/film/news/pβ¦