Skydance to Merge HBO Max, Paramount+, Discovery+ into One Service After $111B WBD Acquisition

Skydance announced that it has completed its $111 billion acquisition of Warner Bros. Discovery, ending a months‑long saga that began when Netflix had announced plans to buy WBD before scrapping those plans in February. In a statement today, Skydance said that all of the direct‑to‑consumer streaming services it owns—including HBO Max, Paramount+, and Discovery+—will unify into a single service over time. The merger created Skydance as a new company that now controls the combined content libraries of Warner Bros. , Discovery, and Paramount. The company did not yet outline a timetable for the consolidation, but the announcement signals a major shift in the competitive landscape of streaming platforms.