Skydance

One of the largest media conglomerates in the world, combining Paramount and Warner Bros. Discovery assets under a single publicly traded entity (NYSE: SKYD), competing directly with Disney, Comcast/NBCUniversal, and major streaming platforms.

Skydance is the major media and entertainment corporation formed on October 6, 2026, when Paramount and Warner Bros. Discovery completed their merger under the Skydance banner, trading on the NYSE as SKYD. The combined entity brings together two of Hollywood's most storied studio legacies — Paramount Pictures and Warner Bros. — alongside a vast portfolio of television networks including CBS, CNN, TNT, and HBO, creating one of the largest media conglomerates in the world. The company operates a broad suite of streaming and linear media assets, including Paramount+, HBO Max, and the free ad-supported streaming service Pluto TV, each retaining its own brand identity. This convergence of premium subscription streaming, AVOD, and traditional broadcast and cable television gives Skydance an exceptionally wide reach across consumer segments and advertising markets. Pluto TV in particular represents a significant advertising-supported video-on-demand (AVOD) platform, making Skydance a major player in the connected TV advertising ecosystem. For advertisers and marketers, Skydance represents one of the most significant media buying destinations in the industry, offering access to premium inventory across linear TV (CBS, CNN, TNT, HBO), streaming (Paramount+, HBO Max), and free ad-supported streaming (Pluto TV). The scale of the combined entity — encompassing news, sports, entertainment, and prestige drama — positions Skydance as a formidable competitor to Disney, Comcast/NBCUniversal, and the major streaming platforms for both audience attention and advertising dollars.