After Warner takeover: Paramount Group will be called Skydance in the future

The Warner takeover, worth more than $110 billion, is expected to close next week. The name for the group is not unknown.

San Jose. Following the takeover of Hollywood heavyweight Warner Brothers by rival Paramount, the joint umbrella company will be called Skydance. It is the name of the production company that current Paramount boss David Ellison founded around two decades ago and with which he initially took over Paramount last year.

Paramount and Warner both have their own identities and brands, Ellison argued on the online platform X. They wanted to prevent one of the two names from overshadowing the other after the merger.

The Warner takeover, worth more than $110 billion, is expected to close next week.

Ellison's shopping spree in Hollywood is partly financed with money from his family. His father is tech billionaire Larry Ellison, who became rich as the founder of the software company Oracle.

Netflix originally reached an agreement with Warner last year to purchase Warner's streaming and studio business. But Paramount didn't give up and made a higher bid for the entire Warner Bros. Discovery company, including television channels such as CNN.