Paramount and Warner Bros. Discovery to Rebrand as Skydance After Merger

The merged Paramount Global and Warner Bros. Discovery will be called Skydance, CEO David Ellison announced Friday in a post on X. The roster includes TNT, CBS, CNN, MTV, TCM, Showtime, Adult Swim, DC Studios, Paramount+, Nickelodeon, HBO/HBO Max, Comedy Central, and Cartoon Network, according to a post from DiscussingFilm. In a statement reported by Variety, Ellison said, "By combining them, we aren't rewriting history — we're equipping these iconic studios with a more powerful engine. Together, we are Skydance: a creative-first home for bold, quality storytelling."

The new corporate identity will be formalized as Skydance Corporation, with the company's stock moving to the New York Stock Exchange under the ticker symbol SKYD, according to Wikipedia. The merger completion follows a year-long pursuit by Ellison and a two-month delay caused by antitrust litigation, Deadline reported. Deadline reported that the video ended with a slide indicating the streamers will remain separate brands.

George Cheeks, the Paramount TV media chair whose domain has included CBS and the Paramount cable networks, is said to be in line for an expanded oversight role at the newly merged entity, according to Variety. Skydance would not comment, but Cheeks has been seen in discussions around the new structure. A lawsuit by 12 state attorneys general, led by California, initially prompted Skydance to delay the acquisition's closure until June 2027.

On September 21, 2026, the company reached a settlement with the states that included provisions for independent editorial boards at CNN and CBS News and a commitment to release 30 films annually, with a $30 million penalty for each film below that target, according to Wikipedia.