David Ellison reveals new name for Paramount-WBD company
In short
David Ellison said the planned Paramount-Warner Bros. Discovery company will be called Skydance. The announcement came less than two weeks after Paramount settled an antitrust lawsuit tied to the $110 billion merger.
This matters because it shows the deal is moving ahead. The report does not say if the merger is finished.
What the reporting says
David Ellison revealed a new name for the planned Paramount-Warner Bros. Discovery company: Skydance, according to the reported summary. The announcement came less than two weeks after Paramount settled an antitrust lawsuit with state attorneys general that had sought to block the $110 billion merger. The immediate consequence is a clearer branding step for the deal, but the reporting does not say whether the merger has closed.
Why it matters
David Ellison disclosed the new name, Skydance, for the planned Paramount-Warner Bros. Discovery company. The reported timing comes less than two weeks after Paramount settled an antitrust lawsuit brought by state attorneys general that had sought to block the $110 billion merger. That suggests the transaction is advancing, but the reporting does not state whether regulatory or closing steps are complete.