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Entertainment Stocks To Add to Your Watchlist

Verizon Communications, Spotify Technology, Walt Disney, Skydance, Take-Two Interactive Software, GameStop, and SEA are the seven Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies involved in producing, d

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Oct 14 • 12:02 PM EDT • Entertainment • marketbeat.com
HOMETOWN HEALTH: Doctor explains lung nodules and who should get screened, after Pope Leo XIV’s cancer diagnosis

about 1.6 million patients in the U.S. are diagnosed with pulmonary nodules every year.

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Oct 14 • 8:53 AM EDT • Health • wdbj7.com
When 1 + 1 = 1: The Miserable Math Behind Many Media Mergers

(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) The last few issues of this newsletter have circled two topics: September’s streaming viewership and all the Paramount/Skydance/Warner Bros./Discovery merger news. I’m happy to say on the Streaming Ratings Report front, we’ll be all caught up by early next week, then the SRR will come out on a tight weekly schedule. Then, after today, I’ll have slayed my PSWbD dragon. It’s such a big story, it demanded multiple issues. With the announcement of a name (just Skydance) and executive team, though, I think we can almost close the book on this story. In terms of topics, it becomes just another studio to cover. So today, I have one last set of takes on that merger. As I’ve sat with it, reading about who was staying and who was going, a big worry crystallized in my brain, and I gotta get that take out. Plus, I still owe you a host of “ugliness” that didn’t fit in my previous “The Good, The Bad and The Ugly” takes. Let’s dive in! Subscribe Most Important Story of the Week - As Paramount Shuffles Deck Chairs, Will They Build or Consolidate? On social media—I try to avoid most social media platforms, but sometimes I end up checking in—the best joke I saw about the announcement of the new name of Skydance was from fellow reporter Claire Atkinson who pointed out… Yeah, I laughed out loud at that one. Later, though, I saw another Twitter response (that later got deleted, so I can’t shout the person out) that did give me pause. The person noted that the Titanic film made the better analogy: a super expensive project everyone in the town doubted that went on to conquer the globe. So yeah: on one hand, the image of the Titanic recalls the actual ship and its infamous end, but that clip is from a movie which proved the doubters wrong. So for all the skepticism of the latest massive media merger, one could wonder which way this one goes. Does it crash like the Titanic or rise to glory like Titanic, the movie? Either way, this deal is “Titanic”, looking at the massive debt required to close the deal, which is not going well when it comes to borrowing costs for Paramount… …or borrowing costs for Oracle. But I’ve started to get worried about another outcome: the sum of this merger will be smaller and weaker and less profitable than its former parts. In other words, one plus one won’t equal three or two, but an even smaller number. Skydance paid to take a traditional studio off the board, but they won’t really capture the upside. Let me explain what I mean, but first, let’s look at the series of news that inspired this thought. Skydance Sets Its Leadership Team As soon as the Paramount-Skydance-Warner Bros.-Discovery merger closed, the new leadership team announced a new name—Skydance, which I’ll use going forward—and a new executive leadership team. You’ve probably read through all the executive shuffling, but if you haven’t, here’s a quick, incomplete summary, in rough order of importance: Mattel’s CEO Ynon Kreiz—who previously ran Maker Studios—joined as co-CEO with David Ellison. HBO/HBO Max’s Casey Bloys will stay and run streaming. Former head of streaming for Paramount-Skydance Cindy Holland—who was also at Netflix—will depart. The former heads of Warner Bros.—Pam Abdy and Mike De Luca—are out. The film studios will be run by Dana Goldstein and Josh Greenstein. George Cheeks of Paramount will run Skydance TV, controlling all the TV production units. In comic book news, the DC films will still be run by Peter Gunn and Peter Safran. Lastly, the head of CNN, Mark Thompson, will stay in place. Let’s quickly opine on the particulars before diving into the broad ramifications. We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Who I like and dislike in their next gigs… Why I think this consolidation will likely leave Skydance worse off… The math behind which mergers succeed and which don’t… A lot more ugliness in this merger… And a whole lot more... ...please subscribe! We can only keep doing this great work with your support.

Skydance raises Discovery+ prices, a week after Skydance merger

Discovery+ is getting more expensive just a week after Paramount and Warner Bros. Discovery became Skydance. Here’s what subscribers will pay, and when.

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Oct 13 • 3:15 PM EDT • Entertainment • latimes.com
Deanna Harris Joins Alloy Entertainment As VP, Television

Harris joins the company, which is owned by Skydance’s Warner Bros. Television Group, from DiVide Pictures, Milo Ventimiglia’s production company.

deadline.com logo
Oct 13 • 12:37 PM EDT • Entertainment • deadline.com
Paramount takes over Netflix's Bay Theater in Pacific Palisades, plans reopening

LOS ANGELES — Skydance-owned Paramount Pictures has taken over the lease for the Bay Theater in Pacific Palisades and intends to reopen the cinema, which has been closed since the

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Oct 13 • 10:59 AM EDT • Entertainment • thederrick.com
What does the combined Skydance, now in business, mean for Hollywood?

It's been just about a week since the Paramount-Warner Bros. Discovery deal closed. In the months ahead, Hollywood will determine its future.

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Oct 13 • 10:00 AM EDT • Entertainment • latimes.com
What does the combined Skydance, now in business, mean for Hollywood?

It's been just about a week since the Paramount-Warner Bros. Discovery deal closed. In the months ahead, Hollywood will determine its future.

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Oct 13 • 10:00 AM EDT • Business • latimes.com
Streaming vs. theaters: Where entertainment value hides

Skydance merger spotlights streaming vs theaters. Compare margins, valuations & Quant Ratings for NFLX, AMC, CNK, IMAX & more—read now to find stocks to...

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Oct 12 • 2:33 PM EDT • Entertainment • seekingalpha.com
😐 Neutral (0%)
What will Skydance do with the industry’s most complex sports rights portfolio?

With the Paramount and Warner Bros. Discovery merger now complete, forming Skydance, many in the sports media world are watching and wondering what happens to the combined entity’s sports rights. Certainly, this seems like a good time to examine what the folks at Skydance Global Sports Group (now to be called SGSG forevermore) are, and…

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Oct 12 • 8:00 AM EDT • Sports • sports.yahoo.com
GTA 6 Leaker Posts Grainy Footage Of Lucia Skydiving Naked To Sell Crypto

Cyberleek is more Lucia 'nudes' if $Cyberleek coin keeps going up

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Oct 11 • 5:30 PM EDT • Technology • kotaku.com
Skydance TV: George Cheeks’ Evolution & JB Perrette’s Linear-DTC Job

An analysis of George Cheeks’ evolution from "the business guy" to Chief Content Officer of Skydance TV and JB Perrette’s linear-streaming job bundle.

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Oct 9 • 3:33 PM EDT • Business • deadline.com
Chicago Cubs TikTok Microdrama Tests The Reach Of Sports Brands

The Chicago Cubs released a 17-episode TikTok rom-com as Skydance Sports makes NFL films for Hallmark. Teams can reach new viewers, but keeping them is a separate test.

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Oct 9 • 10:47 AM EDT • Sports • sports.yahoo.com
David Ellison expects CBS to be in business with NFL for ‘foreseeable future’

Skydance CEO David Ellison is full speed ahead on a press tour to promote his freshly combined media company, which formally brought together Paramount and Warner Bros. Discovery after a lengthy process earlier this week. Since the company’s formal combination, Ellison has fielded questions during a press conference and given a handful of interviews. Most…

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Oct 9 • 9:30 AM EDT • Business • sports.yahoo.com
Gerhard Zeiler Exiting Skydance To Follow Political Ambitions

Gerhard Zeiler, Warner Bros. Discovery international boss, is officially exiting Skydance to follow political ambitions in Austria.

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Oct 9 • 7:43 AM EDT • Politics • deadline.com
Skydance's Gerhard Zeiler, Warner Bros President International, Exits

"It is surprisingly difficult to find the right words to say goodbye," the Austrian writes in an internal memo obtained by The Hollywood Reporter. "At the end of next week, I will leave the company."

hollywoodreporter.com logo
Oct 9 • 6:49 AM EDT • Politics • hollywoodreporter.com
Ellison expects Skydance to stay in business with NFL for ‘foreseeable future’

Skydance Chair & CEO David Ellison said the new media conglomerate anticipates 'being in business with the NFL for the foreseeable future.'

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Oct 8 • 11:47 AM EDT • Business • sportsbusinessjournal.com
Skydance CEO David Ellison: AI is going to transform every part of the business

CNBC’s David Faber and David Ellison, Skydance Chairman & CEO, and Ynon Kreiz, Skydance co-CEO, join 'Squawk Box' to discuss Paramount's $110 billion acquisition of Warner Bros. Discovery, what to expect from the new combined entity, the decision to bring Ynon Kreiz on board, future of the company's linear, streaming and movie businesses, integration of AI, and more.

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Oct 8 • 9:21 AM EDT • Business • cnbc.com
Study finds simulation game helps students grasp complex health economics concepts

In Phillip Zane's classroom, students weigh an invitation to jump out of an airplane. The skydiving lesson and jump are free, and the exercise assumes there is zero risk of death. But an injury could ...

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Oct 8 • 7:00 AM EDT • Health • phys.org
Entertainment news expert discusses the Paramount Skydance, Warner Bros. Discovery merger
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Oct 7 • 2:21 PM EDT • Entertainment • cbsnews.com
High-Signal Publisher
Promising Entertainment Stocks To Consider

Spotify Technology, Walt Disney, Verizon Communications, Roblox, Skydance, Autodesk, and SEA are the seven Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies involved in industries such as film, television

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Oct 7 • 12:02 PM EDT • Entertainment • marketbeat.com
Skydance emerges as entertainment behemoth with Top Gun and Harry Potter

Continuity will be the immediate emphasis for Skydance, the new entertainment giant created by Paramount's takeover of Warner Bros. Discovery.

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Oct 7 • 12:06 AM EDT • Entertainment • apnews.com
High-Signal Publisher
Skydance mashes proven properties of Paramount and Warner Bros. into an uncertain Hollywood hybrid

LOS ANGELES (AP) — Continuity will be the immediate emphasis for Skydance, the newly created entertainment behemoth borne of Paramount's $81 billion takeover of Warner Bros. Discovery that closed on T...

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Oct 7 • 12:06 AM EDT • Entertainment • yahoo.com
Skydance now runs two of Hollywood’s legacy film studios. A look at the new company, by the numbers

David Ellison’s Paramount Skydance has completed its $81 billion acquisition of Warner Bros. Discovery, bringing two of Hollywood’s most storied legacy film studios under one mammoth media and entertainment conglomerate named Skydance. Now, Skydance must decide how to make the most out of a trove of entertainment assets, including the HBO Max and Paramount+ video streaming services, a film library that includes “Star Trek,” “Barbie,” “Top Gun,” “Harry Potter,” and “Superman,” and two major news organizations, CNN and CBS News. Here’s a look at the new company, by the numbers.

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Oct 7 • 12:00 AM EDT • Entertainment • mymotherlode.com
Read the memo Skydance product chief sent after Paramount-WBD merger

The product chief at Skydance said in a memo to staff after the Paramount and WBD merger that they will "move at a pace that matches our ambition.'

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Oct 6 • 8:25 PM EDT • Business • businessinsider.com
Paramount-Warner Bros. Discovery merger closes, creates combined company Skydance

David Ellison, CEO of Paramount Skydance, speaks during CinemaCon 2026 on April 16, 2026, in Las Vegas, Nevada. (David Becker/Getty Images for CinemaCon)

kmaland.com logo
Oct 6 • 2:35 PM EDT • Entertainment • kmaland.com
Entertainment: Paramount closes deal with Warner Bros.

Paramount has closed its $81 billion dollar purchase of Warner Brothers Discovery, forming a new Hollywood giant now called "Skydance".

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Oct 6 • 1:13 PM EDT • Entertainment • hawaiinewsnow.com
Paramount, Warner Bros. Discovery Officially Merge Into Skydance

Paramount and Warner Bros. Discovery complete their $110 billion merger, creating Skydance, a new global media and entertainment giant.

lamag.com logo
Oct 6 • 12:16 PM EDT • Entertainment • lamag.com
Warner Bros. and Paramount are now Skydance – What the merger means for you

Say goodbye to decades of Hollywood history and hello to the era of mega media corporations.

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Oct 6 • 11:50 AM EDT • Entertainment • sanluisobispo.com
Warner Bros. and Paramount are now Skydance – What the merger means for you

Say goodbye to decades of Hollywood history and hello to the era of mega media corporations.

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Oct 6 • 11:50 AM EDT • Entertainment • ledger-enquirer.com
Skydance's $80 Billion Debt: Warner Bros., Paramount Owner's Reality

The combined company now has the scale to take on Netflix and Disney, but little room for error as it balances massive spending on film and TV with servicing its crushing financial obligations.

hollywoodreporter.com logo
Oct 6 • 11:43 AM EDT • Business • hollywoodreporter.com
Paramount-WBD deal closes; here are top quant-rated entertainment stocks

The merger of Paramount Skydance (SKYD) and Warner Bros. Discovery NASDAQ:WBD marks a major shift in the entertainment industry after months of competing bids, lawsuits, and uncertainty.With the deal now closed, here are the top 20 Seeking Alpha's quant-rated stocks in the Movies and Entertainment…

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Oct 6 • 10:39 AM EDT • Entertainment • tradingview.com
Paramount-WBD deal closes; here are top quant-rated entertainment stocks

Paramount Skydance–WBD merger reshapes entertainment—see 20 top quant-rated movies & broadcasting stocks (AMC, DIS, NFLX, ROKU).

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Oct 6 • 10:39 AM EDT • Entertainment • seekingalpha.com
Paramount-Warners Mega Deal Closes Creating Skydance Hollywood Giant

The combined company, Skydance, will begin trading on the New York Stock Exchange this week.

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Oct 6 • 8:54 AM EDT • Business • hollywoodreporter.com
Paramount and Warner Bros. to become one Hollywood giant: Skydance. Here's how we got here

Skydance-owned Paramount is expected to close its $81 billion takeover of Warner Bros. Discovery on Tuesday. The new Hollywood giant will have a shorter nametag: “Skydance.” But it marks one of...

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Oct 6 • 8:53 AM EDT • Entertainment • newstimes.com
PARAMOUNT COMPLETES ACQUISITION OF WARNER BROS. DISCOVERY, CREATING A NEW GLOBAL ENTERTAINMENT LEADER, SKYDANCE

Skydance Corporation (f/k/a Paramount Skydance Corporation) (NYSE: SKYD) ("Paramount") today announced the completion of its acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD"), creating a combined company, named "Skydance." The company brings together two major film studios, two global streaming services, a premier television portfolio including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a portfoli

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Oct 6 • 8:38 AM EDT • Entertainment • finance.yahoo.com
Luis Silberwasser out at TNT Sports as CBS’s David Berson takes over Skydance’s combined sports group

The long-anticipated marriage of CBS Sports and TNT Sports now has a clear head of household, and it won’t be Luis Silberwasser. According to CNBC’s Alex Sherman, Silberwasser, chairman and CEO of TNT Sports, is exiting the soon-to-be combined Paramount Skydance and Warner Bros. Discovery, he told his staff in an email on Monday. CBS…

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Oct 5 • 5:35 PM EDT • Sports • sports.yahoo.com
CBS Sports Chief David Berson To Expand Portfolio As TNT Sports Chief Luis Silberwasser Exits

David Berson, who has led CBS Sports as president since 2024, will expand his portfolio after the close of the Paramount-Warner Bros. Discovery merger. The exec will take responsibility for sports across Skydance, the soon-to-be-umbrella over CBS and TNT Sports and their respective parents, Paramount and WBD. The $111 billion merger is due to close …

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Oct 5 • 4:20 PM EDT • Sports • sports.yahoo.com
David Ellison names Skydance team that includes prominent Warner executives

Paramount Skydance Chief Executive David Ellison has rolled out his Skydance executive team, which includes several senior Warner Bros. executives who will segue into new roles at the soon-to-be merged

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Oct 5 • 2:21 PM EDT • Entertainment • thederrick.com
TNT Sports head Luis Silberwasser to depart Skydance as CBS Sports chief David Berson takes over combined global sports group

TNT Sports chief Luis Silberwasser will be leaving a combined Paramount Skydance-Warner Bros. Discovery company, sources tell CNBC.

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Oct 5 • 1:04 PM EDT • Sports • cnbc.com
Mary McNamara: As David Ellison names his new empire Skydance, the message is clear: He owns Hollywood

LOS ANGELES — What a surprise. David Ellison has decided to name the Frankenstudio media company created by the merger of Paramount Skydance and Warner Bros. Discovery simply Skydance. And

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Oct 5 • 11:45 AM EDT • Entertainment • thederrick.com
Skydance Executive Team Set By David Ellison Ahead of Deal Close

Skydance announced the executive leadership for the combined Paramount-Warner Bros. Discovery.

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Oct 5 • 9:08 AM EDT • Business • hollywoodreporter.com
Can Skydance CEO David Ellison Make Paramount-Warner Bros. Merger Fly?

David Ellison has to prove the merged Paramount-Warner Bros., dubbed Skydance, can become a profitable Hollywood powerhouse amid its massive debt.

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Oct 3 • 9:00 AM EDT • Entertainment • variety.com
David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz

Ynon Kreiz's appointment as co-CEO of Skydance answers a key governance question for Ellison's soon-to-be-merged company.

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Oct 3 • 7:00 AM EDT • Entertainment • cnbc.com
David Ellison's Skydance is a pretty name. What it stands for isn't

By naming the product of two mergers Skydance, David Ellison relegates two of Hollywood's founding studios to a sub-brand stew and attempts to erase a bunch of controversial hires.

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Oct 2 • 6:00 PM EDT • Entertainment • latimes.com
Paramount-Warner Bros. Discovery will be called Skydance

David Ellison, CEO of Paramount Skydance, speaks during CinemaCon 2026 on April 16, 2026, in Las Vegas, Nevada. (David Becker/Getty Images for CinemaCon)

kmaland.com logo
Oct 2 • 3:00 PM EDT • Entertainment • kmaland.com
Paramount, Warner Bros. will be named Skydance after merger

David Ellison said the merged Paramount and Warner Bros. Discovery will be called Skydance — the moniker he picked nearly two decades ago when the tech scion began building his

thederrick.com logo
Oct 2 • 2:01 PM EDT • Entertainment • thederrick.com
Skydance Is New Name for Paramount-Warner Bros. Company

Paramount and Warner Bros. will operate under the Skydance corporate name as the companies prepare to complete their $111 billion merger.

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Oct 2 • 12:44 PM EDT • Entertainment • lamag.com
Everything Paramount will own as Skydance

What brands and IP are impacted by the Paramount-Warner Bros. merger?

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Oct 2 • 11:38 AM EDT • Entertainment • mashable.com
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New name of Paramount-Warner Bros. revealed

CEO David Ellison announced that the merger between Paramount and Warner Bros. will result in Skydance ahead of the official deal closure on Oct. 6.

ew.com logo
Oct 2 • 11:28 AM EDT • Entertainment • ew.com
Paramount’s Warner Bros. megamerger will just be called Skydance

David Ellison doesn’t want a ‘new corporate identity’ to overshadow Warner Bros. and Paramount’s brands.

theverge.com logo
Oct 2 • 9:42 AM EDT • Entertainment • theverge.com
Paramount, Warner Bros. combine as new entity Skydance, David Ellison announces

He announced the updated on X

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Oct 2 • 9:20 AM EDT • Entertainment • spectrumlocalnews.com
New Paramount Warner Bros. Name is Skydance, David Ellison Says

Paramount and Warner Bros. will exist as sub-brands in the larger corporate brand.

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Oct 2 • 9:11 AM EDT • Business • hollywoodreporter.com
What Does Your Office Say About Your Business? by Jennifer Kraner

What does your space say about you and your business? More importantly, does it give you the best possible first impression? The minute a client, customer or patient walks through your door, they’re forming an opinion about your business – sometimes consciously, sometimes without even realizing it. Your space is communicating something about you, whether you intend it to or not. At Big Sky Design, we work with all kinds of commercial businesses, including many medical practices, law firms and other corporate offices, and I’ve seen first hand how much thoughtful design can influence that first impression. For businesses in medical, legal, and financial fields, three things are particularly important: trust, privacy and professionalism. Your space should communicate all three while also reflecting who you are as a business. That can be challenging, especially in a new construction project. Often, so much of the budget goes toward the actual construction that things like lighting, comfortable seating, artwork and finishing touches get pushed to the side. But those are often the elements that make a space feel complete – and memorable. Think about your waiting room. Is it comfortable? Is the lighting welcoming? Does the layout make sense? When someone walks through the door, do they immediately know where to go and whom to speak with? In a medical office, there’s another important consideration: privacy. Reception areas can become surprisingly noisy places, with phone calls, conversations between staff and patients, and people discussing personal information. Hard surfaces throughout a space allow sound to bounce around, making it difficult to maintain privacy. We recently worked with an eye doctor's office that had exactly this problem. The reception desk had a large opening, and staff were making and taking phone calls right next to patients who were waiting. We designed an acoustic treatment that acted as a divider between the staff and waiting areas. It absorbed sound, but it also became a branded design element. It was a visual reminder to everyone in the space to be mindful of their voices and what others might be able to hear. Those kinds of thoughtful details can make a tremendous difference. And good commercial design doesn't have to mean making your space flashy. Sometimes it’s as simple as a calming color palette, beautiful artwork, plants, carefully selected lighting or comfortable upholstered furniture. In a medical setting, those touches can help soften what might otherwise feel clinical and reduce anxiety for patients who are already nervous about an appointment. I’ve been in waiting rooms where everyone feels packed together, and you can hear every conversation – even what’s happening in the restroom next door. That’s not the experience you want to create. Your office should also feel like your business. Are you telling people that you’re clean and modern? Sophisticated and unique? Warm and welcoming? Or, unintentionally, are you telling them that your business is outdated? You don’t necessarily need a complete renovation to change that message. Fresh paint, updated lighting, new artwork, better seating or a few branded design elements can make a space feel current and intentional. At Big Sky Design, we’ve worked with radiology, dermatology, and dental practices, among many others. Every practice is different, but the goal is always the same: creating a space that reflects the business behind it and gives every person who walks through the door a positive first impression. Because your office is part of your brand. Make sure it’s telling the story you want people to hear. Read more at bigskydesignonline.com.

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Sep 30 • 8:00 PM EDT • Business • wilmingtonbiz.com
Tucson Now: Local business owner breaks skydiving record

Skydiver Niklas Daniel is hoping to defend his title of World Champion at the World Championships this October.

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Sep 30 • 7:21 PM EDT • Business • kold.com
Looking at the Ugly Side of the Paramount-Skydance Merger...And How I’d Fix It

A Message from Our Sponsor Certified Fresh with 100% on Rotten Tomatoes, FX’s Adults is an ensemble comedy series about a group of twenty-somethings in New York leaning on each other to navigate love, work, friendship and family. Don’t sleep on “The Sitcom of the Moment” - Awards Buzz All Episodes now streaming on Hulu on Disney+. Watch The Teaser Trailer... (Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industr(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Before we dive in, I wanted to congratulate Broadcast Now for being the first to report that Netflix’s How to Get to Heaven from Belfast has been cancelled. (I saw this in a write-up by Kasey Moore of Whats-On-Netflix.) More importantly, I wanted to note that, as of yesterday, none of the other trades had reported the news yet. I have half a guess that eventually one of them will report this. Anyways, it’s time to take a break from my deluge of streaming ratings reports to continue my analysis of the Paramount Skydance Warner Bros. Discovery (PSWbD) saga. As I noted last week, a lot of times when folks use the (sometimes cliched) “the good, the bad and the ugly” framing for an article, “the ugly” section is just more bad. Or very, very bad. In this case, yeah, I do think it’s ugly. In more than one way. Unfortunately, we’re only going to have time to tackle one of those ways today: the ugly pile of debt to finance this deal. (In a future article, I may cover the entire process for how it went down, which was very, very ugly.) Last issue, I explained why I liked this deal in a vacuum. Unfortunately, “vacuums” don’t exist outside of space. Let’s dive in. Subscribe Most Important Story of the Week - The Ugliness of the Paramount/Warner Bros. Merger More than one person sent me a note speculating that the big problem with Paramount Skydance buying Warner Bros. Discovery is the “Warner Bros.” portion of the deal. In fact, that’s a take I read a lot about Warner Bros., ever since they caught Netflix’s, and then Paramount-Skydance’s, eye. In short, multiple companies (Time, AOL, AT&T, Discovery) have bought and then regretted buying Warner Bros. Since it’s nearing Halloween, you could almost say it’s like the folks think WB is cursed! It’s a haunted studio—like the town of Derry in movie studio form—and whoever takes possession of it will fall into misery! Yet...I just don’t like that story, because it doesn’t explain the “why” behind why those deals fell through. Especially when Warner Bros. has continued to succeed as a TV and film studio in the intervening two decades. Lord of the Rings? Harry Potter? Game of Thrones? Everything HBO? Considering it never fully owned a broadcast TV channel, this media company has done pretty well. So what went wrong? Well, in recent years, companies bought Warner Bros. instead of the other, smarter option. Explaining POCD (And Applying It to Mergers & Acquisitions) As I explained last issue, one of my favorite frameworks is the POCD tool for evaluating venture capital investments: People Opportunity Context Deal The bar to invest as a VC is high. (Or I might say “was” since cheap interest rates made life easier last decade.) You review a thousand prospectuses, get pitched by a hundred, and invest in the ten best, with the hopes that one of those ten would pay for the rest. That means every element of a deal needed to pay off: you needed the right people running the companies, who could capitalize on the right opportunity, in the context of an industry that was ripe for disruption. If you could then not overpay, you could make some money in a smart deal. The analogy isn’t perfect here, but close enough. For a merger or acquisition to work, you need the combined company (which is the opportunity) to make more than the price you need to pay (which is the deal). Note: the people and context still matter, but with M&A, it’s a little more straightforward: does the opportunity exceed the cost? And usually with Warner Bros., it hasn’t. If you want to find out the single biggest mistake made by the Warner Bros. suitors over the last few years (and my simple fix) become a paid subscriber. I’ll also touch on who I think Paramount-Skydance could (shockingly) consider buying next, TBD, and more. Sign up here.

Federal judge allows Paramount-Warner merger to move forward

A federal judge in Oakland has approved a settlement that allows Paramount Skydance Chief Executive David Ellison to finalize his $111 billion acquisition of Warner Bros. Discovery. Ellison is aiming

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Sep 30 • 5:23 PM EDT • Entertainment • thederrick.com
Paramount streaming chief exits ahead of Warner Bros. Discovery merger

Paramount Skydance's streaming head exits ahead of the WBD merger. She told staff CEO David Ellison was "optimizing for HBO stability."

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Sep 29 • 9:26 PM EDT • Business • businessinsider.com
Science teacher in Searcy takes lesson to the skies

Brett Baker was in his second year teaching as an 8th-grade science teacher at Ahlf Junior High School in Searcy when he decided to demonstrate gravity to his students by going skydiving.

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Sep 22 • 7:05 PM EDT • Science • kark.com
AG Rob Bonta reaches settlement with Paramount/Skydance’s David Ellison over entertainment mega-merger with Warner Bros.

After clearing a state antitrust lawsuit with minor concessions, David Ellison pledges to keep the combined media empire in LA. By Sarah Lin Major California AG Rob Bonta settled an antitrust lawsuit against Paramount and Warner Bros., securing commitments from David Ellison to keep operations in Los Angeles.

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Sep 22 • 10:20 AM EDT • Entertainment • smmirror.com
Read Paramount CEO David Ellison's memo after settling WBD lawsuit

Paramount Skydance's CEO confirmed to employees that the company had settled the lawsuits that were holding up its deal to buy Warner Bros. Discovery.

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Sep 21 • 2:19 PM EDT • Business • businessinsider.com
Paramount reaches deal with states to settle their case challenging Warner buyout, AP source says

A person familiar with the matter told The Associated Press that Skydance-owned Paramount has reached a settlement with a group of state attorneys general that had sued to challenge the company’s...

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Sep 21 • 1:19 PM EDT • Entertainment • stamfordadvocate.com
Dawg Sports on the Radio

There’s only one thing better than watching a dominant Georgia Bulldog victory, and that’s reliving a dominant Georgia Bulldog victory. That’s why I’ll be listening to MaconDawg’s skydiving instructor (you land safely or your next jump’s free!!!) on WFOY in St. Augustine(102.1 FM/1240 AM) this evening around 6:45 pm Eastern to talk Georgia Bulldog football on […]

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Sep 21 • 11:22 AM EDT • Sports • sports.yahoo.com
Lewis Hamilton's Dawn Apollo Studios signs major new deal with Skydance Sports

Lewis Hamilton has signed a multi-year first-look production deal between his Dawn Apollo Studios company and Skydance Sports

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Sep 17 • 6:58 AM EDT • Entertainment • yahoo.com
Lewis Hamilton’s Dawn Apollo Studios Inks First-Look Deal With Skydance Sports (Exclusive)

The Formula 1 driver previously produced the Apple film 'F1.'

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Sep 16 • 10:30 AM EDT • Entertainment • yahoo.com
Paramount's possible Hollywood exit puts Los Angeles on edge

LOS ANGELES — Paramount Skydance Chief Executive David Ellison faces a pivotal decision: Should he uproot his Hollywood studio — the birthplace of such film classics as "Sunset Boulevard," "The

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Sep 15 • 4:15 AM EDT • Entertainment • thederrick.com
Los Alamos Airport Open House & Home-Based Business Expo Is Saturday Morning

Discover aviation up close! Break out your aviator sunglasses and join us at the 2026 Airport Open House. Witness professional skydivers from Viva Skydive leaping into the air and parachuting into …

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Sep 11 • 9:07 PM EDT • Business • losalamosreporter.com
‘South Park’ is now ‘South America’ in move to mock Trump

Beyond parodying President Trump's Great Lakes order, the move jabs at Paramount and Skydance Media for settling a $16-million lawsuit to clear their merger.

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Sep 8 • 9:40 PM EDT • Entertainment • latimes.com
Paramount Weighs Assets Selloff to Save Deal

Paramount Skydance Corp. is reportedly considering selling off cable and real estate assets as it looks to settle a multistate antitrust lawsuit

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Sep 8 • 12:09 AM EDT • Business • labusinessjournal.com
Proposed Paramount-Warner Bros. merger threatens 4,500 Los Angeles County entertainment jobs

Local officials and labor leaders warn that proposed studio consolidation could wipe out billions in business revenue and devastate local vendors. By A new economic report warns the proposed Paramount-Warner Bros. Discovery merger puts 4,500 direct Los Angeles County jobs and billions in revenue at risk.

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Aug 22 • 8:25 AM EDT • Entertainment • smmirror.com
Mayor Karen Bass, labor unions push for faster decision on Paramount-Warner Bros. merger

Los Angeles Mayor Karen Bass and entertainment labor leaders are raising concerns about continued uncertainty surrounding Paramount-Skydance's pending purchase of Warner Bros.

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Aug 21 • 10:29 AM EDT • Entertainment • abc7.com
😐 Neutral (14%)
Pluto TV's New App is Rolling Out Now As Paramount Overhauls Its Pluto TV & Paramount+ Apps

Pluto TV is in the process of deploying a significant technical and design update that places its free ad-supported streaming service on the same underlying application foundation as Paramount+. The change, long planned as part of Paramount Skydance’s broader streaming infrastructure merger to use the same app for both services, keeps the two services as […]

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Aug 16 • 7:57 AM EDT • Technology • cordcuttersnews.com
David Ellison is best argument to block Paramount-Warner Bros. deal

Paramount Skydance Chief Executive David Ellison faces an antitrust lawsuit over his proposed purchase of Warner Bros. Discovery. He recently threatened to move Paramount out of California if the suit is not settled.

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Aug 13 • 6:00 AM EDT • Entertainment • latimes.com
Someone Made a Terrific Deal in the Peacock/YouTube Premium Partnership…But Who?

(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) I hope everyone around the world suffering from record heat waves is doing okay. The temperature is already up in Southern California, but obviously not nearly as bad as parts of Europe. With a super El Nińo coming this year, I worry it will get even worse. Yes, we know what’s causing this heat—it’s the carbon, duh—but we really aren’t making enough progress. I’m not “environmental strategy guy”, but if I were, I’d have some ideas of what I’d try. Honestly, for years I’ve been intrigued by the work of the folks at MEER—whose plan, super simply, is to put up mirrors to reflect heat (while continuing the important work of decarbonization)—but I’m frustrated this idea hasn’t made more progress. (Other geo-engineering groups seem to get better press.) With heat like this—cancelling events, hurting economies and, most importantly, killing people—it seems like the time to push solutions! The “mirrors on the ground” solution has barely been tried.1 While entertainment companies may not “feel the heat”, lots of outdoors/experiential industries—concerts, theme parks and so on—will. Even movie theaters could benefit, since mirrors could help lower AC costs, which I imagine is not an insignificant expense, especially in the hotter areas of the country. So I do think the entertainment industry should prioritize this issue. Anyways, let’s get back into the entertainment strategy. I was about to write, “Hey, this week we don’t have any mergers and entertainment news to dive into,” but that’s not really true, since we had more updates on Paramount-Skydance and Warner Bros. Discovery. But the big story of the week involves a streamer and a Big Tech platform bundling their respective streamers. So I’ll write about the updates on Paramount buying Warner Bros., Versant making some moves, and a whole lot more. But we start with a surprising deal: Peacock licensing their content to YouTube Premium. Let’s dive in! Subscribe Most Important Story of the Week - Peacock’s Pricey Premium Partnership The story of the week is Comcast’s2 NBC-Universal’s Peacock making a deal with Google’s YouTube’s YouTube Premium subscription product to embed their content. And I’ll say this up front: Someone made a terrific deal. The question is who. And I’ll be honest: I don’t know. Let me explain why, including why this deal exists, the pros and cons for each side, the biggest unknown, and what that says about the streaming wars. Customers Love Bundles (But YouTube Has Its Own Issues) We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why customers love bundles… But why I’m worried about YouTube’s integration... How Peacock is trading scale for control… And the reason they likely made this deal... The odd budget math for this deal... Whether or not I think the Paramount-Skydance/WBD deal is more likely after the latest settlement... Versant making moves and why that’s good for Hollywood… Another distributor going out of business… ...and a whole lot more! ...please subscribe! We can only keep doing this great work with your support.

Returning flames, fed-up health workers, skydiver’s delivery: Catch up on the day’s stories

CNN’s 5 Things PM brings you the stories you might have missed during your busy day.

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Aug 6 • 5:00 PM EDT • Health • cnn.com
Britain clears $110 billion Paramount-Warner Bros. merger

The British government has cleared Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances, after earlier citing concerns over the deal’s potential to limit media diversity.

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Aug 6 • 7:25 AM EDT • Business • cnn.com
Hallmark Media, NFL, Skydance Sports and the Chicago Bears announce the starting lineup for Holiday Touchdown: A Bears Love Story

With production wrapping last month in the Chicago area, the starting lineup for Holiday Touchdown: A Bears Love Story has been named. The film will feature cameo appearances from head coach Ben Johnson, tight end Colston Loveland, tight end Cole Kmet, al

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Aug 5 • 2:00 PM EDT • Sports • chicagobears.com
David Ellison says court fight over Warner Bros. is about his politics, CNN

The Paramount Skydance CEO defended his deal to buy Warner Bros. Discovery and said he’s voted for Democrats and Republicans and held liberal and conservative values.

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Aug 4 • 10:20 AM EDT • Politics • washingtonpost.com
Lori Petty says Patrick Swayze would do ‘ballet in the air’ while skydiving during ‘Point Break’ shoot

Lori Petty recalls skydiving, air ballet, and more memories of Patrick Swayze on the set of ‘Point Break,’ as the film marks its 35th anniversary.

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Aug 2 • 1:26 PM EDT • Entertainment • ew.com
Paramount agrees to months-long delay of Warner Bros. merger

The concession comes as Paramount Skydance was already facing the prospect of a lengthy moratorium. The latest delay could extend into next summer.

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Jul 24 • 3:57 PM EDT • Entertainment • latimes.com
#paramount #streaming #entertainment

Paramount Skydance isn't waiting around for its planned merger with Warner Bros. Discovery to bolster its flagship streaming service. Paramount's streaming leaders have told employees that they're planning major upgrades to Paramount+ in the coming weeks. An internal presentation, which was unveiled during a streaming town hall this week and viewed by Business Insider, shows "Product Priority Highlights" for Paramount's streaming business this quarter. These initiatives are part of Paramount CEO David Ellison's plan to improve the tech of a 114-year-old media company that trails Netflix, Amazon Prime Video, and Disney in streaming subscribers. Buying WBD would help Paramount catch up quickly and give it over 200 million streaming customers, the company has said. Read more about Paramount’s streaming projects on Business Insider: https://lnkd.in/eKfn9wyH (Credit: Getty Images) #paramount #streaming #entertainment

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Jul 24 • 2:30 PM EDT • Entertainment • linkedin.com
UFC Freedom 250 Fails to Knock Out The Ratings

(Welcome to my weekly streaming ratings report, the single best guide to what’s popular in streaming TV and what isn’t. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. If you were forwarded this email, please subscribe to get these insights each week.) If UFC fans wanted one image to say, “Hey, Paramount+ is crushing it with their UFC rights deal,” I could provide that image. Here it is: (Reminder: this is my creation of the Nielsen Top 30, since Nielsen doesn’t combine the lists or include sports. I take all three lists and combine them. Some streaming TV shows probably have higher ratings than many of the films on this list.) Look at that! UFC Freedom 250 is number one! It topped the Nielsen “Top 30” list for shows and films that made the top ten the week of 15-June. So if you’re a UFC fan or supporter of Paramount+, that’s the good news for you this week. This program topped the ratings charts for one week. Everything else is bad news, or at least a huge caveat to that story, which I’ll explain today in the first part of this week’s Streaming Ratings Report—for the weeks of 8-June and 15-June—which is a double issue since I’ve been writing on a bunch of topics recently. UFC Freedom 250 is one of the biggest streaming events of the year, and super relevant to Paramount+’s strategy, so it merited its own article. Let’s dive in! (Reminder: The streaming ratings report focuses on the U.S. market and compiles data from Nielsen’s weekly top ten viewership ranks, Luminate’s Top Ten Data, JustWatch and Reelgood interest data, Samba TV household viewership, company datecdotes, Netflix hours viewed data, Google Trends, and IMDb to determine the most popular content. While most data points are current, Nielsen’s data covers the weeks of June 8th to June 21st 2026. You can find a link to my terminology here.) Subscribe Check Out My Interview on UFC 250 at MMA Draw After you read this article, if you want even more thoughts on UFC and Paramount-Skydance/Paramount+, I did a written interview with MMA Draw. They asked me to answer some questions about UFC Freedom 250, and I was happy to chat with them. Find it here: [ The MMA Draw Newsletter Did Paramount really overpay for the UFC? What the data tells us so far If you know the history of American television, you also know that combat sports is often a leading indicator of the future… Read more a day ago · 10 likes · 1 comment · Nate Wilcox and Zach Arnold ](https://www.themmadraw.com/p/did-paramount-really-overpay-for?utm_source=substack&utm_campaign=post_embed&utm_medium=web) I never thought I’d need a combat sports newsletter in my life, but the good folks at MMA Draw publish an excellent one on UFC, MMA, pro wrestling, boxing and more, analyzing both the sports themselves and the politics, economics and antitrust issues that impact them. Check the article and their newsletter out! Paramount+ Has Its Best Sporting Event of All Time…But Was It Worth It? Before we look at the UFC Freedom 250 data in particular, let’s talk about what we can’t say. Namely, let’s start with the lack of comparisons. First off, I’d love to put a chart out comparing this fight to past UFC fights on Paramount+…but we don’t have the data. This is the first time we’ve gotten Nielsen data about a Paramount+ UFC fight. As far as I can tell, Paramount provided data for the first fight, but it was a proprietary datecdote (saying it had “an average minute audience” of 5 million “views”) and then, for two fights, we got the linear viewership numbers when they aired on CBS, but no streaming data. Everything else was crickets. We also can’t compare this fight to other fights/combat sports on streaming, in particular the MMA and boxing, because Netflix also didn’t use Nielsen to track those events, opting for TVision and VideoAmp, respectively. (This isn’t Paramount’s fault, but does still suck.) We also can’t compare to UFC’s fights that used to be on ESPN+, since we don’t have any data for that, plus Disney+ didn’t have marquee fights. The comparisons would not be apples-to-apples. Can we compare to past Pay-Per-View fights? Absolutely not. The comparisons would absolutely NOT be apples-to-apples. That didn’t stop Paramount+, though, who bragged that their UFC events have reached drastically more people than past PPV fights. Duh. Sorry, but I gotta make this point again. A basic tenet of economics is that the cheaper something becomes, the more people consume or buy it. That’s Econ 101. (Sometimes pundits call things “Econ 101” that are actually like Econ 210 or even PhD-level economics, but no, this is really like first or second class basic economics.) Yet I still see one analytics firm consistently say that more people watch films on streaming than PVOD proves streaming which means that the streaming window is more valuable than the PVOD window. No, it’s not! Same thing here. Pay-Per-View events back in the day could be really, really, really expensive! So whole groups of people pitched in to buy them. That increased the perceived value of, say, the Mike Tyson fight. Or a UFC numbered event. So yes, the fact that Paramount+ makes numbered UFC fights essentially “free” if you’re already a Paramount+ member means consumption will go up. Obviously. Same for Netflix and their boxing matches. They’re talking about fights that used to cost consumers, in some cases, $50 in 1996…which is over $100 in today’s dollars. Over 1.6 million people paid that to watch the Tyson-Holyfield fight! Again, streaming is essentially “free”. Or $10 to $20, depending on what streamer we’re talking about and what tier you’re on. No wonder more people are “watching”. (Plus, Nielsen’s out-of-home viewing also helps these numbers.) UFC Freedom 250 Did Well…But I Have A Lot of Worries So what can we compare the fights to? Well, the good news is Nielsen put out that the fight averaged 7.0 million viewers for UFC Freedom 250, which is a solid number for a fight. We also know the length, at roughly 4 and a half hours. (I saw different run times, but this seems to be the consensus considering it started at 8 pm, had a delay and then finished after midnight on the East Coast. If you assume a shorter run time, then yes, the total hours viewed would go down.) That means I have the two numbers needed to add this to my Nielsen database. And then…I can compare this viewership to the NFL: And, uh, not great. But also within striking distance, mainly because the runtime for this event was so long. I’d also add that this event had viewership equal to a regular season NFL game on streaming, but if anything, it was more comparable to an NFL playoff or Super Bowl-esque event. And you can compare viewership to the top football games on broadcast, cable and streaming, and it’s not impressive at all: We can also compare it to other sports that week, including the NBA Finals and start of the World Cup: Again, not great. The NBA generated roughly four times as many average viewers each game for its NBA Finals. The World Cup has similarly big numbers. Also, that’s just a tiny fraction of the 25 most watched sporting events each week. The NBA, NHL and FIFA World Cup had many, many more games racking up hours. We could also compare this to other streaming programs to get an idea of “is this a good investment?” and here is how it ranks compared to other top Paramount+ programs: The worry here? Well, unlike scripted programming, which has rewatchability, older fights/sporting events have very little library value. Very, very few people are rewatching these fights, especially years from now. Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers. Then, in their quarterly earnings report, they only ended up with 700K subs. Not great! They claimed they dropped lower-value international subscribers, but that’s why I tend to discount subscriber additions when they’re leaked to the press.1 I expect we may see a bump again for UFC Freedom 250, but I’d caution using subscriber growth so soon after these events to judge the success, since new subs with high churn (see Peacock) aren’t great either. Also, analysts often want to attribute all subscriber growth to their favorite/pet show, and that just doesn’t make sense. The biggest caveat for UFC Freedom 250 and Paramount’s very first UFC marquee event is that these could be high watermarks for the sport. UFC Freedom 250 had an incredible amount of earned media coverage compared to most UFC fights. I mean, it had wall-to-wall national news coverage in the lead up to the event. (The first fight also had a lot of promotion from Paramount since it was first.) Other fights could reach this bar—say the Conor McGregor return to the Octagon—but they’ll be fewer and far between. Was This Deal Worth It? All to ask: is this Paramount deal worth it? In this case, I think the UFC Freedom 250 numbers are more distracting than helpful. This fight did well and compares well to other top sporting events. But we know that the first marquee event was at least a third smaller, if Paramount’s own data is to be believed. And it’s likely the other fights are much, much, much smaller. And then you get to the paycheck that Paramount-Skydance paid. FIFA’s World Cup cost about the same for Fox, but clearly generated multiples more total viewership. (Though it’s only every four years.) The NBA is much more expensive, but until the playoffs, they likely didn’t pay for itself. Even still, Disney, NBCUniversal and Amazon Prime Video likely overpaid. So, in that context, the NBA may be an overpay that makes the UFC look not so bad. But two overpays don’t make an underpay, to paraphrase the old cliché about wrongs and rights. And looking at UFC Freedom 250 as the likely ceiling of MMA on Paramount+, Paramount-Skydance likely paid too much. Share 1 I would love regular reports on subscriber additions by programs, but as is, it’s mostly leaked or rumored in haphazard ways.

Paramount's WBD deal is on pause after judge orders merger delay

A judge issued a temporary restraining order stopping Paramount Skydance's acquisition of WBD after a lawsuit by California and 11 other states.

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Jul 20 • 1:13 PM EDT • Business • businessinsider.com
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era

(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?

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Skullgirls Dev Accused Of Misconduct Working On Avatar Fighter

Paramount confirmed that the former Skullgirls and Indivisible CEO 'holds a position as an individual contributor' on its upcoming game

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Jul 15 • 9:17 AM EDT • Technology • kotaku.com
Paramount-WBD merger could impact entertainment options

California Attorney General Rob Bonta joins "Here's the Scoop" to discuss how the merger between Paramount Skydance and Warner Bros. Discovery could impact the entertainment industry.

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Jul 14 • 8:18 PM EDT • Entertainment • nbcnews.com
High-Signal Publisher
Inaugural Memorial Hillbilly Skydivers Boogie Convention and Blues Festival set

HUNTINGTON — This year, the organizers of the Appalachian Blues Festival and the West Virginia Skydivers Association have joined together to create a new event called the Memorial Hillbilly Boogie

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Jul 2 • 5:30 AM EDT • Entertainment • herald-dispatch.com
Paramount ad tech org chart: Who has power after leadership shuffle

David Ellison's Paramount Skydance is reshaping its ad product and tech teams. Here's what changes were made, and who's rising within the company.

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Jul 2 • 5:05 AM EDT • Business • businessinsider.com
Comcast to split cable business from media through NBCUniversal, Sky spinoff

Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its ‌cash-generating broadband arm from a media and entertainment business ‌under pressure from streaming rivals and industry consolidation. The latest U.S. media industry shake-up follows years of cord-cutting as legacy players chase scale to better compete with Netflix while Paramount Skydance's $110 billion deal for Warner Bros Discovery is ‌set to boost competition. Comcast, ⁠which leans on cable for much of its cash flow, is also losing broadband customers to fixed wireless ⁠offerings from T-Mobile and Verizon and to fiber rivals building out networks.

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Jun 29 • 6:11 AM EDT • Business • finance.yahoo.com
The Chicago Bears are getting their own Hallmark Christmas movie

The Chicago Bears are the latest NFL franchise to get the Hallmark Christmas movie treatment. The team announced Thursday that it is partnering with Hallmark Media, the NFL, and Skydance Sports for Holiday Touchdown: A Bears Love Story, which will premiere during Hallmark Channel’s 17th annual Countdown to Christmas programming event this holiday season. “My…

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Jun 27 • 4:00 PM EDT • Sports • sports.yahoo.com
The Pick Is In: Hallmark Media, NFL and Skydance Sports partner with the Chicago Bears for Holiday Touchdown: A Bears Love Story set to premiere during Hallmark Channel’s 17th annual Countdown to Christmas programming event

Hallmark Media, NFL and Skydance Sports on Thursday announced that the Chicago Bears have been drafted for Holiday Touchdown: A Bears Love Story, the third all-new original movie in the successful franchise, set to premiere later in 2026 during Hallmark C

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Jun 25 • 9:00 AM EDT • Sports • chicagobears.com
Why Extreme Sports Enthusiasts Keep Jumping After a String of Tragedies

Often considered thrill seekers looking for the next adrenaline hit, participants say they’re actually drawn to control and a sense of time slowing down.

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Jun 18 • 5:03 AM EDT • Sports • nytimes.com
Plane crash kills all on board in Butler, Missouri

Officials have confirmed that a skydiving plane carrying 11 passengers had crashed near business 49 around 11:30 Sunday morning

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Jun 15 • 8:04 AM EDT • Politics • spectrumlocalnews.com
What Genres and Streamers Won 2025? And Who Lost? Plus Six Strategy Thoughts

(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) Okay, time for the tenth and final article in my ten-part series recapping 2025. As I wrote two articles ago, my barometer for whether these articles are worth writing/publishing is whether they yield strategic insights, and once again, every subsection in this article has a strategic takeaway (or two). Honestly, these are the most important takeaways, since I step back and look holistically at the streaming wars in 2025. After I declare which streamers won and lost the year and which genres won and lost the year, I have six bonus thoughts. If you’d like to review the whole series... You can find the film flops here and here. You can find the TV shows flops here and here. You can find the top films here. You can find the top TV shows here, here and here. Then I declared my winners and losers in various categories here. You can find my 2024 recaps here. You can find the 2023 recaps here and here. And my 2022, 2021 and 2020 are all stored here. Yeah, it’s halfway through the year, and I’m just finishing this series up now. This year, I tried to space things out to not clog up my writing calendar, plus I had to wait for Fallout to (finally) drop off the charts. Well, that ended up pushing this series wayyyyy too far back on the calendar. Oh well. Next year, the goal will be to finish this series in March, but frankly, I just need more staff to make that happen. So please subscribe. Or, if you’re an advertiser (movie studio, FYC firm, or other), please reach out. Subscribe Streamer of the Year: Netflix Honorable Mention: Paramount (and CBS) So, just last week, I wrote about how Netflix has lost seven of its top twelve scripted shows in the last year. And I shared two very dour looks at Netflix’s potential slowdown this year and last. Guess what? They’re still the number one streamer in America. In 2025, they dominated new streaming shows (even if most of those new hit shows aren’t coming back for future seasons), they had the two biggest films, and they had the top returning TV show by a mile. The world is complicated, nuanced and messy. There may be warning signs of a future Netflix slowdown, but in 2025, Netflix was still the number one streamer. Note what I didn’t say? That Netflix has “won” the streaming wars, because obviously the streaming wars are still ongoing and, more importantly, YouTube is still growing—so now YouTube has “won” the streaming wars?—while Netflix’s share of TV consumption has stalled out. Avoid simplistic talking points, especially if they’re constantly repeated and could fit on a bumper sticker. I had trouble picking the second-place streamer this year, because all of the candidates for second place—Prime Video, HBO Max, and Paramount+—had some hits, but no one stood out. Then I saw this update from Nielsen on the top shows on TV in the 2025-206 season. Sure enough, Netflix had five of the top ten shows! And they had ten of the top 31 shows and fifteen of the top fifty. But CBS/Paramount+ actually had more shows in the top thirty and the top fifty. Paramount+/CBS had twelve of the top thirty shows and nineteen of the top fifty. Let me emphasize that: CBS/Paramount+ had more top shows in the 2025-2026 season than Netflix. And this look was just for TV shows, not live sports, an arena Netflix barely plays in. Meanwhile, Paramount-Skydance’s market cap is a fraction of Netflix’s. That’s weird, right? Streaming Loser of the Year, TV… We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… ...what streamer lost the year in TV... …whether Netflix could win the title for “film” streamer too… …who won the Disney vs Warner Bros. battle for theaters… ...what TV genres won and lost the year... ...what film genres won and lost the year... ...what film genre people think is thriving on streaming but isn’t… …why F-BOSSS TV shows don’t hold the same sway in the 2020s… …what it means to “flop” as a film on streaming… …UK shows underperforming on streaming… And a lot more... ...please subscribe! We can only keep doing this great work with your support. If you’d like to read more about why you should subscribe, please read this article about the Streaming Ratings Report, why it matters, why you need it, and why we cover streaming ratings best.

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Paramount Skydance seeks business counterpart to CBS News editor Bari Weiss, Axios reports

Paramount Skydance is scouting candidates to oversee the business side of operations, who would work alongside CBS News' editor-in-chief Bari Weiss, Axios ​reported on Tuesday, citing two sources familiar with the matter.

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Jun 9 • 7:31 AM EDT • Business • reuters.com
Hollywood workers rally against Paramount-Skydance deal

As ​he spoke at a gathering on Saturday to protest Paramount Skydance's proposed acquisition of Warner Bros. Discovery , stand-up comedian Adam Conover framed the ‌ongoing media consolidation as an existential threat to an industry that made the United States a cultural power.

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Jun 6 • 9:22 PM EDT • Business • reuters.com
Paramount Sports Entertainment hires three execs for leadership team

Stefanie Markman, Alix Teppel and KC Warnke are joining Paramount Sports Entertainment -- home to Skydance Sports -- in senior leadership positions.

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May 13 • 11:28 AM EDT • Entertainment • sportsbusinessjournal.com
NAU Athletics Celebrates 65 Student-Athlete Graduates as Part of Spring 2026 Class

FLAGSTAFF, Ariz. (May 8, 2026) – As part of Northern Arizona University's spring commencement ceremonies to be held in the Walkup Skydome on Friday and Saturday, 65 current and former NAU student-athletes will earn their degrees.

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May 7 • 8:00 PM EDT • Science • nauathletics.com
Paramount earnings, revenue beat expectations as streaming business offers a boost

Paramount Skydance said it added streaming subscribers during the first quarter even as it instituted its first price hike since 2024.

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May 4 • 4:08 PM EDT • Business • cnbc.com
Warner Bros. Discovery shareholders approve Paramount Skydance deal

Warner Bros. Discovery announces stockholders approved its merger with Paramount, aiming to create a next-generation media and entertainment company.

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Apr 23 • 11:04 AM EDT • Business • foxbusiness.com