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"Skydance Closes the $111 Billion Warner Deal Sitting on $80 Billion of Debt"

David Ellison's $111 billion acquisition of Warner Bros. Discovery closed this week, creating a Hollywood giant with 200 million streaming subscribers. It also starts life with about $80 billion of debt after one of the largest financings in history.

By Cory Chamberlain 6 hours ago

The Warner Bros. Studios water tower rising behind the perimeter wall of the studio lot in Burbank.

The Numbers

Paramount Settles With the States Nine Days Before the Meter Starts

Paramount Skydance has settled the antitrust suit twelve states brought against its $110 billion purchase of Warner Bros. Discovery. The remedies are promises about behaviour: thirty films a year in cinemas, with $30 million owed for each one short. The number that explains the timing is a different one. From 1 October, every day the deal stays open costs Paramount about $7 million.

By Cory Chamberlain September 21, 2026

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"Skydance Closes the $111 Billion Warner Deal Sitting on $80 Billion of Debt"

Paramount Settles With the States Nine Days Before the Meter Starts