WBD

Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of the company after its $110 billion acquisition of Warner Bros. Discovery Inc.

Tom Cruise's "Digger" fell 60% in its second weekend to $3.2 million, leaving Warner Bros. facing a loss that could top $150 million.

Learn more about Paramount's planned acquisition of Warner Bros. Discovery — a historic Hollywood megadeal valued at $111 billion — as it continues to develop.

Barclays writes that the attempts by legacy media companies to adapt to major technological shifts have created “monsters” that eventually collapse.

David Zaslav received $606.1 million for shares and stock options as Skydance closed its acquisition of WBD on Oct. 6

Skydance includes two film studios, the CBS broadcast network, a sprawling pay TV portfolio and streaming services Paramount+ and HBO Max.

Skydance Corporation (NYSE:SKYD), formerly Paramount Skydance Corporation, completed its acquisition of Warner Bros.

Skydance shares are struggling in their first day with a new company name and ticker symbol.

Investing.com -- Paramount Skydance Corp (NASDAQ:PSKY) completed its $110 billion acquisition of Warner Bros Discovery Inc (NASDAQ:WBD) on Tuesday, establishing a global entertainment giant rebranded as Skydance.

Paramount has faced competing bids and an antitrust hurdle since its earliest attempts to take over WBD. Here's a timeline of key events.