Paramount Warner Merger Closes As Skydance Game Divisions Merge
Paramount Skydance said on October 6, 2026 that it finished its acquisition of Warner Bros. Discovery, and the combined company now operates as Skydance Corporation. The deal carried a total value of $111 billion, according to 4Gamer.net, and closed after shareholder and regulatory approvals in multiple countries. David Ellison leads the new company as CEO. The assets under one roof now include Warner Bros., Paramount Pictures, HBO Max, Paramount+, CNN and CBS, plus the game studios each side brought in. Variety reported that the games and experiences divisions of Paramount Games Studio and Warner Bros. Games will be folded together, and Skydance press materials listed former Activision CEO Bobby Kotick, Emerson Collective founder Laurene Powell Jobs and Skydance co-CEO Inon Kreiss as new board members, with former UK Prime Minister Tony Blair joining as an advisor. Skydance Games titles such as Marvel 1943: Rise of Hydra continue development inside the group.