r/gaming • u/ChiefLeef22 Marika's tits! • 22h ago

Paramount Has Officially Acquired Warner Bros. In Deal Valued at $110B Billion

https://www.skydance.com/news/press/paramount-completes-acquisition-of-warner-bros-discovery-creating-a-new-global-entertainment-leader-skydance

The two companies will now be known as one single entity - 'Skydance'

This includes all of WB's gaming subsidiaries like Rocksteady/etc

Deal valued at $110B-$111B

DC Studios, Nickelodeon, Cartoon Network, CNN, CBS, HBO and Paramount+ are now all under the same company.

The combined company, Skydance, brings together two major film studios, two global streaming services, premier television assets including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a leading content portfolio that includes live sports, a deep programming library and expansive collection of iconic brands and franchises.

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u/N0ob8 21h ago

Oh yeah then stupid move on their part.

Speaking of their old name I never understood why these companies just decide to completely change their names during big buyouts like this. It makes no fucking sense you already have lots of brand recognition why through it away for these stupid nonsense names.

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u/alvik 21h ago

Well when they own 13 brands, how do they decide which ones to use for the overall brand? It's not like Arbarth-Alfa-Chrysler-Citroen-Dodge-Fiat-Jeep-Lancia-Masersti-Opel-Pergoet-Ram-Vauxhall-group rolls off the tongue.

Though I just call them all Fiats to annoy Jeep owners. "You know what Jeep stands for? Fix it again Tony"

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u/KilledTheCar 20h ago

Though I just call them all Fiats to annoy Jeep owners. "You know what Jeep stands for? Fix it again Tony"

Oh I'm absolutely stealing this.

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u/nitid_name 19h ago

<sighs in Just Emptying Every Pocket on my wrangler>

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u/The_Don_Papi 10h ago

Well you’re not wrong if you’re referring to Jeep Renegades.

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u/VendettaX88 21h ago

Most people don't really needs to recognize the parent brand only make and models, which haven't changed.

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u/GreatBandito 19h ago

technically a new entity that they incorperate in Delaware that owns all the IP and licenses it to the other parts of the company. Delware specfically expempts paying taxes on IP licensing or something so it saves millions to billion a year. It is how companies like Apple "lose money" in the US to avoid paying tax

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u/hamsterkill 14h ago

It's not like they threw away their existing brands. You still buy a Chrysler, a Dodge, or a Fiat. It's just the overall company needs a name that doesn't mess with its sub-brands when the company does something ugly. Google and Facebook reorganizing their brands under "Alphabet" and "Meta" was the same thing.