Warner Bros. Discovery, Inc.

Skydance Announces Board, Adding Ynon Kreiz, Laurene Powell Jobs and Bobby Kotick as Directors and Tony Blair as Advisor

Skydance announced the board lineup for the newly combined company formed through Paramount's merger with Warner Bros. Discovery, effective immediately. New additions include independent directors Laurene Powell Jobs (Emerson Collective) and Bobby Kotick (founder and 32-year CEO of Activision), plus Co-CEO Ynon Kreiz; former UK Prime Minister Tony Blair joins as Board Advisor. David Ellison will chair the board and remain Chairman and CEO, with all current Paramount board members retained.

•19d ago

WBD: 8-K · acquisition merger

Skydance Corporation completed its acquisition of Warner Bros. Discovery on October 6, 2026, with each WBD share converted into $31.01666668 in cash including ticking consideration. The aggregate merger consideration is approximately $78 billion, funded by equity and debt. WBD common stock has been withdrawn from listing on Nasdaq, and WBD will file a Form 25 followed by a Form 15 to deregister and suspend Exchange Act reporting. The 4.302% Senior Notes due 2030 and 4.693% Senior Notes due 2033 are also being voluntarily delisted. A full change of control occurred: all WBD directors including David Zaslav ceased to be directors, and officers including Zaslav, Wiedenfels, Campbell and Aiyar are separating with separation benefits. Merger Sub's directors and officers replaced them. Separately, the board ratified 396,804 RSU grants made to non-employee directors after the plan's expiration date as defective corporate acts under Delaware law, covering 120,000 shares already issued.

SEC 8-K•19d ago

WBD: 25-NSE · delisting

A Form 25 notification was filed with the SEC on October 6, 2026 relating to Warner Bros. Discovery, Inc., initiating the removal of its securities from listing and registration on Nasdaq. Form 25 filings are typically submitted by the exchange when a company is delisted, most commonly because of a completed merger, acquisition, or other corporate reorganization that ends public trading in the shares. The bare Form 25 contains no financial terms or stated reason, so investors should look for a companion 8-K or merger documents to determine the transaction driving the delisting.

SEC 25-NSE•19d ago

David Ellison and Ynon Kreiz Announce their CEO Leadership Team for Skydance Following Anticipated Close of Warner Bros. Discovery Acquisition

Paramount Skydance CEO David Ellison and Co-CEO Ynon Kreiz announced the CEO Leadership Team expected to run the combined company, to be named Skydance, following the anticipated close of the Warner Bros. Discovery acquisition. Ellison will oversee long-term strategy, creative vision, technology and capital allocation, while Kreiz handles day-to-day management and integration. The team spans entertainment, news and corporate functions, including Dennis Cinelli as CFO and leaders from both Paramount and WBD. The announcement is contingent on deal completion and provides integration clarity but no new financial terms or guidance.

•20d ago

Paramount Skydance Corporation Announces Launch of Notes Offerings

Paramount Skydance announced the launch of approximately $44.4 billion in senior secured notes offerings — first lien notes in USD and second lien notes in USD and euro — sold to qualified institutional buyers under Rule 144A and Regulation S. Proceeds, together with cash, previously announced term loans, and an equity financing, will fund the acquisition of Warner Bros. Discovery and repay certain existing debt. The offerings and the acquisition remain subject to significant conditions, and consummation of the notes offerings is not a condition to closing the acquisition.

•27d ago

Warner Bros. Discovery Announces Intention to Delist Euro Notes from Nasdaq Global

Warner Bros. Discovery intends to voluntarily delist its 4.302% Senior Notes due 2030 and 4.693% Senior Notes due 2033 (the Euro Notes) from Nasdaq Global in connection with the pending acquisition by Paramount Skydance. WBD expects to file a Form 25 with the SEC on or around October 6, 2026, followed by a Form 15 to deregister the notes and suspend related Exchange Act reporting obligations. The company states the delisting will not affect the terms of the Euro Notes, and neither WBD nor PSKY has arranged for listing of the notes on another exchange.

•29d ago

WBD: 8-K · earnings release

Warner Bros. Discovery reported second-quarter 2026 net income of $149 million, a 91% decline from the prior year, driven by $1.1 billion of pre-tax acquisition-related amortization and content fair value step-up. The company's streaming segment delivered $3.1 billion in quarterly revenues for the first time ever and $512 million of Adjusted EBITDA, a 63% ex-FX increase. WBD also refinanced its $15 billion bridge loan facility with a $13 billion Term Loan B and €1.7 billion Term Loan B, generating $40 billion in investor demand and approximately 150 bps of annual interest cost savings. The Studios segment reported $2.3 billion in revenues, a 39% ex-FX decline, while Global Linear Networks revenues fell 17% ex-FX to $4.0 billion. The company ended the quarter with $3.4 billion of cash on hand, $33.1 billion of gross debt, and 3.4x net leverage. Free cash flow was $572 million, unfavorably impacted by approximately $350 million of separation & transaction-related items. WBD remains highly confident in the completion of its proposed merger with Paramount Skydance Corporation, with the closing on hold until the earlier of five days after legal proceedings are complete or June 1, 2027. The company is focused on maintaining Studios as an industry leader, scaling HBO Max globally, and strategically investing to optimize its Global Linear Networks.

SEC 8-K•2mo ago

Warner Bros. Discovery Reports Second Quarter 2026 Results

Warner Bros. Discovery reported financial results for the second quarter of 2026, directing investors to its website for the full earnings materials. Management scheduled a conference call for 8:00 a.m. ET today to discuss the quarterly performance. The company operates a portfolio of global entertainment brands spanning television, film, and streaming.

•2mo ago

Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6

Warner Bros. Discovery announced it will report its second quarter 2026 financial results before the market opens on Thursday, August 6, 2026. The company will host a conference call to discuss the results at 8:00 a.m. ET on the same day, with earnings materials available on its website at 7:00 a.m. ET. A replay of the webcast will be accessible in the Investor Relations section of the company's website for twelve months.

•3mo ago