Hollywood’s family tree has somehow become even more confusing.
The acquisition of Warner Bros. Discovery by Paramount has officially closed, creating a new entertainment giant called Skydance.
Translation: an absurd amount of the stuff you watch now belongs to the same company.
We’re talking Warner Bros., Paramount Pictures, HBO, CBS, CNN, HBO Max, Paramount+, TNT Sports and a huge catalogue of franchises suddenly sitting under one corporate roof.
Which means yes, the company behind Harry Potter, DC, HBO shows and Warner Bros. movies is now connected to the company behind Paramount’s films, CBS programming and franchises like Mission: Impossible.
Totally normal amount of entertainment power for one building.
The newly combined Skydance says it plans to release at least 30 theatrical films every year and produce more than 180 television shows and series, while aiming for billions of dollars in savings over the next few years.
But for viewers, the biggest question is probably much simpler:
What happens to HBO Max and Paramount+?
For now, both streaming services still exist separately, so nobody needs to delete an app today.
But the merger puts both platforms under the same company and gives Skydance a massive streaming library while it tries to compete with Netflix, Disney and YouTube.
It’s another reminder that the streaming era keeps doing something nobody expected when it started.
We left cable because there were too many packages. Then every studio created its own app.
Now all the apps are slowly finding each other again. We may have reinvented cable with better thumbnails.
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