Paramount and Warner Bros. Discovery to Merge Into Skydance (SKYD). Will Skydance Achieve David Ellison’s “Quality Storytelling” Vision?
The new company has a new name, but the same problems.
Overview
Hollywood history is about to be made.
Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD), two of Hollywood's most venerable studios, are about to combine, as Paramount outbid Netflix for one of the industry's biggest prizes.
Details
After a settlement between the combining companies and several attorneys general was cleared by a judge, the merger is now set to close next Tuesday, Oct. 6.
Source
Originally published at www.fool.com.
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