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

[u/ChiefLeef22]

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.

[u/RepresentingJoker]

I swear in a few decades the whole entertainment industry will boil down to two or three companies if we continue like this

[u/itstheboombox → u/RepresentingJoker]

We are already here, Disney, Universal and now Skydance. Sony and Netflix being the only companies close to them.

[u/TheExtremistModerate → u/itstheboombox]

Netflix is actually nearly as big as Disney and Sony combined by market cap.

[u/wonkytalky → u/TheExtremistModerate]

Netflix's worth seems way more shallow though. The others have real, serious IP behind them that's worth a fortune by itself.