Paramount Skydance Closes Warner Bros. Discovery Deal
The merged group puts Warner Bros. Games and Skydance Games under one owner, which changes who controls the studios behind Mortal Kombat and Hogwarts Legacy.
Reporting from 1 source: 4Gamer.net.
Paramount Skydance completed its acquisition of Warner Bros. Discovery, forming Skydance Corporation with the assets of both companies. David Ellison is CEO. HBO Max, Paramount+, CNN, CBS, Warner Bros. and Paramount Pictures fall under one owner. Bobby Kotick, Laurene Powell Jobs and Ynon Kreiz join the board, with Tony Blair as advisor. The games divisions, including NetherRealm and Avalanche, are consolidated.
The deal took shareholder and regulatory approval in multiple countries. A rival bid from Netflix was reported during the process, and the purchase closed at a reported total of 111 billion dollars.
The board adds Ynon Kreiz, Laurene Powell Jobs and Bobby Kotick as directors, and Tony Blair as an advisor. The games side is where the corporate line matters most: NetherRealm Studios, Warner Bros. Games and Avalanche Software now sit alongside Skydance Games, whose Marvel 1943: Rise of Hydra is in development. The company says it expects further multimedia use of its IP and a larger game business.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.