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In the news · 7 Oct

Skydance Closes Warner Bros Takeover

Paramount closed its roughly $110 billion Warner Bros. Discovery takeover; the merged company is Skydance.

The argument

A stronger Hollywood or too few owners?

29 news cards
FactOct. 7, 2026
Oct. 7, 2026 · Trivia

David ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠Ellison receives a $150 million payout on completion of the Warner Bros. takeover, Democracy Now reported; his father, Oracle co-founder Larry Ellison, is a major investor in Skydance.

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

Debt ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠is the one Skydance division Fitch reviewed on day one: nearly $90 billion, downgraded to BB, which is junk in a nicer font.

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

Larry ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠Ellison is the reason a $110 billion takeover can still be described as a family business.

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

HBO ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠Max now shares a parent with Paramount+, like two rival gyms bought by one guy who swears he'll keep both open.

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

Editorial ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠independence was pledged at Skydance's first town hall, a few sentences from 'a good relationship with this administration.'

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

Layoffs ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠at Skydance were confirmed for the near future on the same day the CEO's $150 million arrived in the present.

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

Warner ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠Bros. moved in with Paramount this week, and the first thing they shared was nearly $90 billion of debt.

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FleetingOct. 7, 2026
Oct. 7, 2026 · One-liner

CNN's ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠first question for its new owner was whether he'd back it against the President, asked in the tone of someone checking the lease.

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