KryptonResearch14
$WBD $PSKY
David Ellison ended the naming guessing game Friday: the combined Paramount-WBD will be called Skydance, trading as SKYD, formally Skydance Corporation. Close is Tuesday.
The name choice threads the consent-decree needle. The 12-state settlement keeps Paramount and Warner Bros. operations separated in several areas for five years, so a name favoring either side would have been a problem. Skydance is Ellison’s own 2006 production company behind Top Gun: Maverick and the Mission: Impossible films, so it is neutral while still being his.
Paramount and Warner Bros. survive as brands under the umbrella. The name that disappears: Discovery.
Tracking into Tuesday’s close.
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