Warner Bros. Discovery Stock News

Earlier this year, the streaming and entertainment industry witnessed one of its most high-stakes megadeals ever, stunning industry observers. Not only is it historic in its size, but it is also predicted to disrupt Hollywood and the media business as we know it.

Shares of Skydance Corporation fell 8% Wednesday, extending their decline into a second day after the completion of the company's $111 billion acquisition of Warner Bros. Discovery.

Skydance's mega-merger is complete, giving David Ellison control of HBO and the Warner Bros. studio. The combined company also includes Paramount Pictures, Paramount+, Pluto TV, and CBS News.

Skydance CEO David Ellison addressed combining HBO Max and Paramount+ into a single streaming service – sparking questions around how much the mega-streamer could cost fans.

David Ellison's megadeal combining Paramount and Warner Bros. closed Tuesday, ushering in a new era for Hollywood.

Skydance's product chief addressed the Paramount and Warner Bros. Discovery teams after the merger.

Skydance CEO David Ellison said the newly merged company will be in “the business of rebuilding trust” after the bruising battle to bring together Paramount and Warner Bros. Discovery.

David Ellison will continue to serve as Chairman and Chief Executive Officer Founder and President of Emerson Collective Laurene Powell Jobs and Activision founder Bobby Kotick join as Independent Directors, along with Skydance Co-CEO Ynon Kreiz; former UK Prime Minister Tony Blair to serve as Board Advisor LOS ANGELES and NEW YORK, Oct. 6, 2026 /PRNewswire/ -- Skydance Corporation (NYSE: SKYD)...