- The $110 billion merger of Paramount Skydance and Warner Bros. Discovery is expected to close Tuesday, with the combined company to be called Skydance.
- David Ellison and incoming co-CEO Ynon Kreiz announced the leadership team, which blends executives from both companies and reports to them.
- Casey Bloys will serve as co-chair and chief content officer of the direct-to-consumer division, overseeing HBO Max and Paramount+, while George Cheeks takes co-chair and chief content officer of Skydance TV, including the global sports group.
- JB Perrette will co-chair both divisions alongside Bloys and Cheeks.
- Andy Gordon becomes president of Skydance and Dennis Cinelli remains chief financial officer.
- Bari Weiss remains editor-in-chief of CBS News and Mark Thompson remains chairman and editor-in-chief of CNN Worldwide, leading the news divisions after the merger closes.
- The companies settled a lawsuit from a group of state attorneys general last month before confirming the closing date.
Quotes
“The leaders joining me have built some of the most beloved franchises and businesses in the industry, and they share a deep respect for the creative process and a belief that great stories have the power to entertain, unite and inspire audiences around the world”