Skydance Media Group Oversees Over 150 TV Series After Warner Bros. Discovery Deal
The Hollywood Reporter said the newly formed Skydance media group, based in Burbank, California, now oversees more than 150 television series across its three studios and is planning to integrate streaming services and cable networks, following the completion of its acquisition of Warner Bros. Discovery. The acquisition, valued at roughly $80 billion, closed with Skydance assuming Warner Bros. Discovery’s assets and debt, as reported by The Verge. Earlier coverage detailed the transition: Skydance CEO David Ellison appointed Dana Goldberg and Josh Greenstein to run Warner Bros.
film labels (Variety), and Warner Bros. Discovery’s senior executives collectively received more than $1 billion in merger compensation, disclosed in SEC filings and noted by Variety and Deadline. The process began when Warner Bros. Discovery CEO David Zaslav delivered a three-minute farewell video to staff, a move described by The Hollywood Reporter, and later was reported to be set to collect about $606 million in cash and stock proceeds from the deal.
