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From our Chairman and CEO David Ellison and Co-CEO Ynon Kreiz

October 6, 2026

Today we begin an exciting new chapter as Skydance.

Getting here has been quite a journey. Over the past year and beyond, it has taken hard work, perseverance and commitment with many challenges along the way – but we did it! To everyone at both companies who helped get us to this moment: thank you. Thank you for your patience, your resilience and, above all, your belief in what we could accomplish together.

Bringing Paramount and Warner Bros. Discovery together fulfills a vision that began with Skydance’s acquisition of Paramount: to build the next-generation media and entertainment company, powered by creativity and technology. The goal was never simply to add more production capacity, brands or IP. It was to unite the talent, resources and capabilities of these companies into a stronger competitor, one with the scale to take on the biggest players in our industry. Together, we will give these iconic studios the opportunity to win for generations to come.

Built for what’s ahead
As all of you know, our industry is in a period of profound change. Audiences have more choices than ever, technology is reshaping how stories are created, distributed and experienced, and competition for people’s time and attention has never been greater. We don’t just want to succeed in this environment – we want to win and help shape the future of the industry.

We want to lead.

And that starts with what we’re building together: a company that tells great stories in every genre, for audiences everywhere, on every platform. A company that can compete in a crowded market and win at global scale, create enduring value for all stakeholders, and strengthen the industry as a whole.

As owner-operators, we’re in this for the long term, committed to building Skydance for the future – not simply optimizing for the next quarter or the next year, but creating a company built to endure, evolve and remain relevant. That means being creative-first, audience-focused, tech-forward and globally scaled – building a thriving ecosystem where stories and worlds are imagined, brought to life and experienced by audiences of all ages, everywhere.

At the center of it all is a clear purpose: to entertain, inspire and inform the world through extraordinary storytelling. And we’ll be guided every step of the way by shared priorities that shape how we intend to operate, how we make decisions, how we work together and how we show up for our audiences, our partners and one another.

Our top priorities
To bring that mission to life, these are the priority areas where we will concentrate our energy:

Win in storytelling.
Great stories remain at the heart of everything we do. We will invest in the ideas, creators, franchises and experiences that captivate audiences around the world and create lasting cultural impact. On the big screen, we are committed to making at least 30 movies a year, pairing original stories from today’s most exciting filmmakers with beloved franchises like Harry Potter, Mission: Impossible, The Lord of the Rings, DC, Transformers and Star Trek. On television and streaming, it means storytelling like Game of Thrones, Landman, NCIS, Tracker and SpongeBob SquarePants. In games, it means worlds like Hogwarts Legacy and Mortal Kombat; and in live sports, it means the NFL on CBS, the UFC, UEFA and March Madness, just to name a few.

Become the most technologically capable media company.
Technology is fundamentally reshaping our industry, and we intend to be at the forefront. We will use technology, data and emerging capabilities to improve how we create, distribute and monetize content, from new production tools to personalization and entirely new ways for fans to engage with the stories they love. We will embrace the opportunities AI provides to expand what our creatives can imagine and to make our businesses even more productive. The opportunities ahead are enormous, and we intend to seize them. But one principle will never change: technology must serve the art – never the other way around.

Lead in a crowded market.
We came together to create another major competitor in the industry. And with our combined scale, assets and global reach, we are positioned to take on some of the largest technology and media companies in the world and to lead in an evolving entertainment landscape. We will use that strength to drive synergies, operate with discipline and invest in the long-term growth of our business. And we will go further than traditional synergies. By embracing the most advanced technologies available and embedding them into how we operate, we will work smarter, move faster and unlock efficiencies the merger alone could not deliver.

Earn Trust Every Day.
Trust is foundational to everything we do. And we are committed to earning it every day by communicating directly, following through on our commitments and listening closely to those we serve and work alongside. That is essential to our reputation and our long-term success.

As we work toward these goals, we must never lose sight of what matters most: our people. We will build a culture where people feel respected, empowered, supported and proud of the work they do. And we will extend that same commitment, with reliability and responsibility, to our creators, audiences, consumers, advertisers and partners.

None of what we accomplish happens in a vacuum. It reflects everyone joining forces to unlock the full potential of our assets: an unmatched portfolio of brands, franchises, libraries, IP and creative talent, with decades of history and, in many cases, decades of opportunity still ahead.

Together, we can reach audiences across platforms, markets, and generations in ways neither Paramount nor WBD could have achieved alone. With the talent, scale, relationships and resources to build on, we can create something truly distinctive.

For audiences, it means more choice and more ways to experience the stories they love. For creators, it means a partner with the scale and capabilities to help their best ideas reach the widest possible audience. For our partners, it means a broader, more powerful platform to build on. And for the broader creative community, it means an enduring commitment to storytelling and the people who make it possible.

That is the foundation of Skydance. And it’s why this combination matters so much.

Honoring an extraordinary legacy
The union of these two iconic companies represents an exciting future. But, just as important as what we build together is preserving what has made them iconic in the first place. Paramount and Warner Bros. each have a distinct identity and extraordinary legacy that deserves to stand on its own.

In choosing our corporate brand, we never wanted to diminish, alter or overshadow any of the assets that have global recognition and have withstood the test of time. Both studios will continue to operate under their own names, and audiences will still see the Paramount mountain and the Warner Bros. shield before the films and shows they love.

Warner Bros. is woven into the history of modern entertainment, from film and television to journalism, sports, unscripted programming and some of the world’s most recognizable characters and franchises. Paramount has an equally extraordinary legacy, with more than a century of storytelling that helped define the American film industry and shape entertainment across every medium.

We realized early on that simply combining the two names – WarnerParamount, ParaWarner or ParamountWarner — accomplished none of what we wanted. Every variation somehow made two giants feel smaller, not greater. It asked each to give something up rather than allowing us to create something new. This isn’t a merger of convenience. It’s the beginning of a new era in entertainment, and we wanted a name that looks forward rather than one that simply splices together the past.

That brought us to Skydance — a name that obviously has special meaning to David, who chose it for his own studio 20 years ago. It evokes possibility: scale and ambition, creativity and imagination, artistry and innovation. Most importantly, it doesn’t compete with either legacy. It gives the new company an identity of its own while allowing Paramount and Warner Bros. – and all our extraordinary brands – to remain in the spotlight.

Because ultimately, what we are bringing together is much more than brands and libraries. It is the creative spirit, ambition and craftsmanship that have kept these companies culturally relevant for generations. That spirit will continue to be a core part of who we are at Skydance.

And who we are will also be defined by what we strive to accomplish — not just for our company, but for the industry at large. That means looking ahead to the forces that are reshaping entertainment and finding ways to harness them to expand what’s possible – for creators, for audiences and for the business itself.

Financial strength
We’re building a diversified company with the financial strength to compete aggressively and the discipline to create sustainable value. That’s not just important to our investors – it’s important to all of us. A financially strong, well-run company gives us the freedom to take creative risks, invest in our people and our technology, and pursue the kind of opportunities that set us apart.

In concrete terms, we are together one of the largest media and entertainment companies in the world, with nearly $70 billion in revenue. As we have said publicly, we are also targeting at least $6 billion in synergies, which will make us leaner and more nimble and free up capital to invest in the stories, creators and technology that matter most.

Integrating two companies will bring change, including difficult decisions that affect our workforce. We are committed to handling this process thoughtfully and respectfully.

The road ahead
Today is Day One.

We have an incredible collection of assets. Extraordinary creative talent. Global scale. The technology to lead. And most important, we have the people who bring it all to life every day.

We have everything we need to win, and that is our goal: to build a next-generation global media and entertainment company that puts audiences first, empowers creators, embraces innovation and creates lasting value for generations to come.

But none of this happens without you. Thank you for everything you’ve brought to this moment. We’re proud to write this next chapter with you.

Now the real work begins.

Let’s go!

David and Ynon

Merged Paramount/WBD named Skydance

October 5, 2026

David Ellison, Paramount CEO, has confirmed that the combined Paramount / Warner Bros Discovery (WBD) company will be named Skydance. Ellison will also serve as CEO of Skydance, with the merger set to be complete within the next few days.

Skydance was the name of the production company that Ellison founded in 2006, inspired by his love of aviation. When Ellison took control of Paramount in 2025, he renamed that company Paramount Skydance.

Ellison said the new name was intended to establish a distinct corporate identity without diminishing the legacy of either studio. “Paramount and Warner Bros shaped over a century of culture” he said in a social media post, adding that the merged companies would create “a creative-first home for bold, quality storytelling.

Paramount Announces Landmark Media Rights Agreement With Zuffa Boxing

09/29/2025

Paramount+ will become the exclusive home of Zuffa Boxing throughout the U.S., Canada, and Latin America.

LOS ANGELES, CA and NEW YORK, NY – SEPTEMBER 29, 2025 – Paramount, a Skydance Corporation, (“Paramount”) (NASDAQ: PSKY) and TKO Group Holdings, Inc. (“TKO”) (NYSE: TKO), a premium sports and entertainment company, today announced a long-term media rights agreement in which Paramount+ will become the exclusive home of Zuffa Boxing throughout the U.S., Canada, and Latin America.

Zuffa Boxing is the new professional boxing promotion formed by TKO and leading entertainment conglomerate Sela, with leadership from UFC President and CEO Dana White; HE Turki Alalshikh, Chairman of the General Entertainment Authority and President of the Saudi Boxing Federation; Sela Managing Director and CEO Dr. Rakan Alharthy; and WWE President and TKO Board Member Nick Khan.

Beginning in January 2026, Paramount will exclusively distribute a full slate of Zuffa Boxing events starting with 12 action-packed cards, with plans to grow that number in subsequent years. The bouts will be available via Paramount’s direct-to-consumer streaming platform Paramount+, with the potential for select events to be simulcast on CBS, America’s leading broadcast network, and other Paramount platforms.

Dana White commented: “I’m excited to bring great boxing events to a global audience. There are millions of boxing fans that will now be able to watch competitive fights with up-and-coming boxers as well as the biggest stars in the sport. Paramount will be the home for UFC and boxing fans to watch the greatest fights in combat sports.”

HE Turki Alalshikh said: “This partnership with Paramount reinforces our vision to redefine the way viewers consume boxing. More fight fans will now have access to watch some of the most exciting boxers around. We have seen the proof that the appetite is there, this is the future for live boxing coverage and will ensure the sport continues to thrive.”

Said Cindy Holland, Chair of Direct-to-Consumer for Paramount, a Skydance Corporation: “Paramount has long been a leader in sports and sports storytelling, and this partnership marks a bold new chapter – not just for us, but for the future of boxing. It’s a partnership that advances several of our core priorities: delivering premium sports to fans, providing audiences with year-round marquee live events, and creating long-term value through a differentiated, must-watch portfolio of content. By combining TKO and Zuffa Boxing’s world-class production and promotional capabilities with our subscribers’ passion for sports, we are confident we will deliver something truly special to boxing fans throughout the U.S., Canada, and Latin America for years to come.”

Further details about Zuffa Boxing, including fight schedules and the first event to be live streamed on Paramount+, will be announced in the months ahead.

# # #

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation (Nasdaq: PSKY) is a leading, nextgeneration global media and entertainment company, comprised of three business segments: Filmed Entertainment, Direct-to-Consumer, and TV Media. The Company's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS – America's most-watched broadcast network, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. For more information, please visit www.paramount.com.

About Zuffa Boxing

Zuffa Boxing is a joint venture between TKO Group Holdings, Inc. (“TKO”) (NYSE: TKO) and Sela, the entertainment conglomerate. TKO serves as managing partner, providing day-to-day operational expertise, management, and oversight of the promotion, with executive leadership anchored by UFC President and CEO Dana White and WWE President and TKO Board Member Nick Khan. The promotion aims to reimagine the sport of boxing by evolving the current model to restore the sport’s rightful place in the forefront of the global sports ecosystem. For more information, follow @Zuffa_Boxing on X; and @ZuffaBoxing on Snapchat, Instagram, Threads, and TikTok.

About Sela

Founded in 1997, Sela is a Saudi Arabian company specializing in creating, constructing, and operating unique destinations and recreational experiences across sports, entertainment, culture, and hospitality sectors. Initially recognized as Saudi Arabia’s first FIFA-recognized athletes’ representation company, Sela expanded into sports marketing

and has since diversified into broader recreational industries.

About TKO

TKO Group Holdings, Inc. (NYSE: TKO) is a premium sports and entertainment company. TKO owns iconic properties including UFC, the world’s premier mixed martial arts organization; WWE, the global leader in sports entertainment; and PBR, the world’s premier bull riding organization. Together, these properties reach 1 billion households across 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans. TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality.

(Sources: Paramount/Zuffa Boxing/TKO Group)

News Flashback

Streaming Business News - December 20, 2023

Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday in New York City to discuss a possible merger.

The meeting between Zaslav and Bakish, which sources say lasted several hours, took place at Paramount's headquarters in Times Square.

The duo discussed ways their companies could complement one another. For example, each company's main streaming service — Paramount+ and Max — could merge to better rival Netflix and Disney+.

It's unclear whether WBD would buy Paramount Global or its parent company, National Amusements Inc. (NAI), but a source familiar with the situation says that both options are on the table.

WBD could use its international distribution footprint to boost Paramount's franchises, while Paramount's children's programing assets could be essential to WBD's long-term streaming ambitions.

CBS News could be combined with CNN to create a global news powerhouse. CBS' crime dramas, such as "NCIS" and "Criminal Minds," could be combined with Investigation Discovery and TruTV.

CBS Sports' footprint could be combined with WBD's. For example, CBS and WBD's Turner Sports currently share TV rights for March Madness.

WBD is said to have hired bankers to explore the deal.

Consumer "cord cutting" is a major driver of the talks and Paramount is looking to clear debt.

(Sources/Intel: Axios, Variety and X)

News

Studio Big Business - December 20, 2023

Paramount Top Brass Meets Warner Bros Discovery per Axios Intel leaked to select media

Intel released did not include WWE and/or AEW details

Fuels speculation by not mentioning AEW or professional wrestling genre in Axios papers says Media Man

Variety picks up on story; Others to follow as dynamic news for websites and online publishers in pop culture, streaming and pro wrestling niche and verticals

Pro wrestling themed podcasts such as 83 Weeks, K100, Corbett's Drive Thru, Busted Open, Hall Of Fame (Booker T) and a plethora of others likely to follow up at wrestling broadcast (season) is upon us.

Media Top Brass Players at said meeting include:

WBD - David Zaslav
Paramount - Bob Bakish

See previous MediaManInt X post more additional overview.

Axios could potentially provide some additional information at a fee, but currently not known what else they could advise regarding any pro wrestling business content or intel. Potentially is a key word. That missing detail re wrestling promotion name/s may not be available at any price, such are the high stakes.

"Some intel is obviously extremely commercially sensitive in nature" - Media Man

"The secret to business is knowing something no one else knows" - Media Man, borrowing and taking from X and famous quotes sites such as Best Quotes Of The Day.

Further down the rabbit hole we go. (Not that Wabbit John Cena). PS: things looking good for 'Coyote vs. Acme". Beep beep! Disco vs AE.... Insider reference!

News Flashback

Skydance New Media Joins Forces with Marvel Entertainment - 29th October 2021

Marvel Games and Skydance New Media creating an all-new interactive title.

By Marvel

Skydance New Media, the new interactive division of Skydance Media helmed by award-winning writer and director Amy Hennig, announced today a partnership with Marvel Entertainment to develop a narrative-driven, blockbuster action-adventure game, featuring a completely original story and take on the Marvel Universe. This marks the first initiative from the new AAA game studio, which was formed by Hennig and Electronic Arts veteran Julian Beak to pioneer a new category of story-focused interactive entertainment—a groundbreaking convergence of games, film, and television.

“I can’t imagine a better partner than Marvel for our first game,” said Hennig, President, Skydance New Media. “The Marvel Universe epitomizes all the action, mystery and thrills of the pulp adventure genre that I adore and lends itself perfectly to an interactive experience. It’s an honor to be able to tell an original story with all the humanity, complexity, and humor that makes Marvel characters so enduring and to enable our players to embody these heroes that they love.”

“Amy has been setting the bar for narrative adventure games for decades and we are happy to be collaborating with the talented and experienced New Media team at Skydance,” said Jay Ong, Executive Vice President & Head of Marvel Games. “Their ambition and vision for making innovative entertainment using beloved Marvel IP was obvious from our first meeting. We’re excited to share more with Marvel fans when the time is right.”

To create this all-new interactive experience, Skydance New Media has assembled an accomplished crew of developers with decades of AAA experience in action and adventure gaming, as well as a diverse team of creative consultants from the worlds of film, television, and comics. The Skydance New Media team is laser-focused on creating high-fidelity, richly interactive experiences crafted for traditional gaming platforms as well as emerging streaming services and designed to be appealing, inviting, and accessible to a global audience.

“We are enormously excited to be working inside the Marvel Universe to craft a rich narrative of our own,” said Beak, Executive Vice President & GM, Skydance New Media. “Jay and his team at Marvel Games are helping us make the best experiences imaginable.”

(Marvel)