Streaming
Skydance Rebrands Warner Bros. Tower, Offices After Merger
The $110 billion merger closed Tuesday, and within hours the Skydance name appeared on buildings and websites.
TheWrap reports that Skydance moved quickly after the Paramount-Warner Bros. merger closed Tuesday. The newly formed $110 billion entertainment giant wasted no time placing its logo on physical assets.
Within hours, the text “A Skydance Corporation” appeared under the iconic Warner Bros. water tower. TheWrap says the Warner Bros. offices also received new Skydance and Paramount decals on the windows. The company’s websites were updated to reflect the merger closure.
The merger brings together Paramount+ and Pluto TV with Warner Bros. Discovery’s HBO Max, Discovery+ and TV networks including CBS, Comedy Central, MTV, HBO and CNN. The combined library includes franchises like “Harry Potter,” the DC Universe, “Game of Thrones” and “SpongeBob SquarePants.”
Skydance CEO David Ellison called the day historic in a statement Tuesday, according to TheWrap. “Today is a historic day, not just for Skydance but for our entire industry,” Ellison said. He added that the company’s focus now turns to building a company that empowers creatives and rewards shareholders.
Related stories
Streaming
Skydance to sit atop new Paramount-Warner Bros. empire
David Ellison confirmed the merged company will carry the name of his own studio, not either of the century-old brands beneath it.
Streaming
Ynon Kreiz takes Skydance co-CEO role
Ynon Kreiz, credited with the Mattel turnaround, now runs day-to-day operations at Skydance, TheWrap reports, with debt and layoffs ahead.
Streaming
Skydance's $80 Billion Debt: Warner Bros.-Paramount Merger
The combined company, now rivaling Netflix and Disney, faces massive layoffs and a debt pile that leaves little room for error, The Hollywood Reporter reports.