Warner Brothers Discovery and Paramount merge, new corporate name ‘Skydance’ confirmed

The name of the small production company that CEO David Ellison founded 20 years ago is on the front.

(Los Angeles = Yonhap News) Correspondent Kyung-yoon Kim = Warner Brothers Discovery and Paramount Skydance, two companies representing Hollywood in the United States, merged into one and used the name 'Skydance'.

The American daily Wall Street Journal (WSJ) reported on the 2nd (local time) that David Ellison, CEO of Paramount Skydance, announced through

The names Paramount and Warner Brothers will remain as brand names under Skydance.

Skydance was a small production company founded by Ellison about 20 years ago when he debuted as an actor but did not achieve much success and turned into a film producer.

It began to make a name for itself by producing movies such as 'The Brave', and then attracted industry attention by participating in the Paramount Global merger in 2024.

Ellison, who is the son of Oracle founder Larry Ellison and has powerful capital mobilization power, acquired Paramount for $8 billion (approximately 11 trillion won), beating out prominent competitors such as Warner Bros. Discovery and Japan's Sony Group at the time.

It didn't stop there, and after a fierce acquisition battle with Netflix, it ended up swallowing up Warner Bros. Discovery.

“Paramount and Warner Bros. are companies that have been creating culture for over 100 years,” said CEO Ellison. “Combining the two companies is not only about rewriting history, it is about equipping these iconic studios with a more powerful engine.”

“There is an important reason why we chose this name,” he added. “Both studios have a clear identity, brilliant heritage and brand power, and we did not want the new corporate identity to overshadow the other.”

In the video released together, it showed Hollywood's representative films such as 'The Godfather', 'The Matrix', 'Top Gun', 'Harry Potter', and 'The Lord of the Rings', then passed the mountain that was a symbol of Paramount and moved into the night sky to show the Skydance logo.

Skydance is located in the center, surrounded by the logos of Paramount, Warner, CBS, HBO Max, Paramount+, DC Comics, Nickelodeon, and CNN.

This shows that Skydance will focus on these movie studios, news channels, online video services (OTT), terrestrial broadcasting, and kids channels as its main businesses in the future.