Paramount completes $111bn Warner Bros. Discovery merger, companies now operate as Skydance

Paramount has completed its $111 billion acquisition of Warner Bros. Discovery, and both companies now operate under the name Skydance. Skydance's announcement does not reference video games, though co-CEO Ynon Kreiz told The Hollywood Reporter there will be opportunities to develop new businesses, products, games and experiences. CEO David Ellison told staff the merger will require difficult decisions with changes and impacts, and Skydance is targeting more than $6 billion in synergy savings. Skydance now owns Warner IP including Avalanche Software and its Portkey Games label, NetherRealm, Rocksteady, TT Games, and WB Games Montreal, New York and San Francisco.