Paramount is developing a live-action Cyberpunk 2077 film and, following the close of its acquisition of Warner Bros. Discovery, now operates inside Skydance Corporation, which has folded Paramount Games Studio and Warner Bros. Games into one division.
Paramount's year on Yomimono runs from the launch of a game studio to a completed acquisition of Warner Bros. Discovery and a new film project in a game franchise. In June 2026, Paramount Skydance formed Paramount Games Studio by consolidating two existing studios with Paramount's IP. A first AAA title was set for a reveal at Summer Game Fest 2026, and Amy Hennig moved from co-president of Skydance New Media to studio creative director. Skydance New Media continued work on Marvel 1943: Rise of Hydra and an untitled Star Wars game.
The merger did not close on schedule. On July 21, 2026, a federal judge issued a 14-day temporary restraining order on the takeover, blocking a close on July 22. A 12-state coalition led by California Attorney General Rob Bonta argued the deal violated antitrust law by combining two of the top three cable programmers and two of the top five film distributors. A preliminary injunction hearing was set for August 3.
By October 6, 2026, Paramount Skydance said the acquisition was finished, and the combined company now operates as Skydance Corporation. The deal carried a total value of $111 billion. David Ellison leads the company as CEO, and the assets under one roof include Warner Bros., Paramount Pictures, HBO Max, Paramount+, CNN and CBS, plus the game studios from each side. Paramount Games Studio and Warner Bros. Games are folded together. Bobby Kotick, Laurene Powell Jobs and Inon Kreiss joined the board, with Tony Blair as an advisor.
On the film side, Paramount began streaming a trailer for Legendary Entertainment's live-action Street Fighter film, opening October 16. Andrew Koji plays Ryu, Noah Centineo plays Ken and Callina Liang plays Chun-Li, with Kitao Sakurai directing. Paramount Pictures is also developing a live-action Cyberpunk 2077 film with CD Projekt Red, produced by Lorenzo di Bonaventura. No director, screenwriter, cast or release timing was announced.
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Oct 9
Paramount Pictures is developing a feature-length live-action film set in the world of Cyberpunk 2077, the open-world RPG from Polish studio CD Projekt Red. The report originated as a Deadline exclusive. Lorenzo di Bonaventura, whose producing credits include the Transformers film series and The Matrix during his time at Warner Bros. Pictures, will produce alongside CD Projekt Red, the game's developer. CD Projekt Red co-CEO Michal Nowakowski responded to the report on his X account, saying the company has great expectations for Paramount as a future partner that shares its creative ambitions, and that details will be shared at the appropriate time. No director, screenwriter, cast, or release timing has been announced. Cyberpunk 2077 released in 2020 and has sold more than 40 million copies worldwide, while the 2023 expansion Phantom Liberty has sold 15 million.
Oct 7
Paramount Skydance said on October 6, 2026 that it finished its acquisition of Warner Bros. Discovery, and the combined company now operates as Skydance Corporation. The deal carried a total value of $111 billion, according to 4Gamer.net, and closed after shareholder and regulatory approvals in multiple countries. David Ellison leads the new company as CEO. The assets under one roof now include Warner Bros., Paramount Pictures, HBO Max, Paramount+, CNN and CBS, plus the game studios each side brought in. Variety reported that the games and experiences divisions of Paramount Games Studio and Warner Bros. Games will be folded together, and Skydance press materials listed former Activision CEO Bobby Kotick, Emerson Collective founder Laurene Powell Jobs and Skydance co-CEO Inon Kreiss as new board members, with former UK Prime Minister Tony Blair joining as an advisor. Skydance Games titles such as Marvel 1943: Rise of Hydra continue development inside the group.
Oct 4
Paramount Pictures began streaming a trailer titled "The Love of Street Fighter" for Legendary Entertainment's live-action Street Fighter film on Friday. The trailer mixes cast comments about the franchise with behind-the-scenes footage. Andrew Koji plays Ryu, Noah Centineo plays Ken, and Callina Liang plays Chun-Li. The film opens on October 16.
Oct 4
Paramount Pictures began streaming a new trailer for Legendary Entertainment's live-action Street Fighter film on Monday, built around Ken and Ryu's relationship and rivalry. The film opens October 16. Andrew Koji plays Ryu and Noah Centineo plays Ken, with Callina Liang as Chun-Li, Jason Momoa as Blanka, David Dastmalchian as M. Bison, and Cody Rhodes as Guile. Kitao Sakurai directs; the shoot began in Australia in August 2025.
Jul 21
A federal judge issued a 14-day temporary restraining order on Paramount's hostile takeover of Warner Bros. Discovery, blocking the merger from closing on July 22. A 12-state coalition led by California Attorney General Rob Bonta argues the deal violates antitrust law by combining two of the top three cable programmers and two of the top five film distributors. A hearing for a preliminary injunction is set for August 3.
Jun 5
Paramount Skydance announced a new internal game studio, Paramount Games Studio, consolidating two existing studios and Paramount's IP. The first AAA title will be revealed at Summer Game Fest 2026. Amy Hennig moves from co-president of Skydance New Media to studio creative director. Skydance New Media continues work on Marvel 1943: Rise of Hydra and an untitled Star Wars game.