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Paramount completes its takeover of Warner Bros to become one Hollywood giant known as Skydance

CHICAGO (AP) — It’s official: Skydance-owned Paramount closed its $81 billion takeover of Warner Bros. Discovery on Tuesday, ushering in a new Hollywood giant. The merger brings two of America’s oldest moviemaking studios together under a new name: Skydance. The deal, which followed a tumultuous, roughly yearlong fight, further concentrates power in an industry already run by just a handful of major players. HBO Max, titles ranging from “Harry Potter” to “Sinners” and networks as...

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