Paramount completes $111B Warner merger, creating “Skydance” behemoth

Ars Technica: The post-merger company is called Skydance, taking the name of a firm that Paramount bought in a separate deal last year. The new Skydance combines two of the largest movie studios, streaming services Paramount+ and HBO Max, CBS, CNN, “and a portfolio of live sports including CBS Sports and TNT Sports, as well as a deep programming library and expansive collection of brands and franchises,” Skydance said today in a press release announcing completion of the deal.