Paramount-Warner Bros. Discovery Merger Will Operate Under the Skydance Name

The merger between Paramount and Warner Bros. Discovery will result in a combined company operating under the name Skydance, according to Paramount Skydance chief executive David Ellison.

Ellison disclosed the decision in a post on the social media platform X, saying the choice reflects a desire to give the newly combined company "an identity of its own." He added that the name was also selected with an eye toward allowing the Paramount and Warner Bros. brands to continue operating within the broader organization.

The deal, valued at $110 billion, is expected to close next week, bringing together two of the most recognizable names in American entertainment under a single corporate banner. The transaction unites Paramount's film and television operations with Warner Bros. Discovery's library of studios, cable networks and streaming assets.

Ellison's statement did not detail how individual brands such as Paramount Pictures or Warner Bros. will be presented to audiences going forward, nor did it specify what role, if any, the Warner Bros. Discovery name will retain in day-to-day operations.

The renaming decision comes as the companies finalize what is among the largest media consolidations in recent years, a deal that has drawn significant attention from investors and industry observers tracking how legacy studios are restructuring.