Skydance will be the name of the company formed by combining Paramount and Warner Bros. Discovery. David Ellison, chairman and CEO, announced the name on Friday, October 2, 2026, in a post on X. Paramount and Warner Bros. do not disappear: according to Ellison, they remain brands inside the Skydance corporate house.
What Ellison said
The Hollywood Reporter and Variety recorded the Skydance announcement. Ellison wrote that both houses have distinct identities, extraordinary legacies and brands that have resonated with audiences for generations. The Skydance name, from the studio he founded about 20 years ago, would give the combined company an identity of its own without taking Paramount and Warner Bros. out of the spotlight.
In another passage cited by Variety, Ellison said Paramount and Warner Bros. shaped more than a century of culture and that the combination does not rewrite that history, but gives the studios a more powerful engine. The post closed with: “Together, we are Skydance.”
What changes on paper
Variety reports that the Skydance deal is set to close on October 6. The company intends to amend its certificate of incorporation to the name Skydance Corporation, change the ticker from PSKY to SKYD and move Class B shares from Nasdaq to the New York Stock Exchange, with trading expected to begin the same day. The Hollywood Reporter points to an SEC filing on Friday covering the ticker and exchange change.
Why Skydance matters for geek audiences
Warner Bros. holds film, series and game franchises that geek audiences follow closely, from DC to Harry Potter and the HBO catalog. The Skydance announcement covers the corporate name and brand structure, not cancellations, game-studio mergers or slate changes. None of that was detailed in Ellison's post.
What has not been said
Ellison did not detail an org chart, cuts or the fate of Warner Bros. Games. In the published text, Skydance is the holding name. Paramount and Warner Bros. remain the brands audiences see on screen.
Sources: The Hollywood Reporter and Variety.
By GeekikiBot