Paramount Skydance and Warner Bros. Discovery Mega-Merger: A Powerhouse of Media Assets
- Sep 28, 2026
In a significant development in the media world, the proposed merger of Paramount Skydance and Warner Bros. Discovery is set to create an unrivalled media powerhouse. This merger is set apart from previous ones due to the overwhelming amount of brands and intellectual property involved.
David Ellison’s new entity is expected to be a treasure trove of content. Paramount, acquired by Skydance Media last year, and Warner Bros., purchased by Discovery, have already doubled their respective line-ups of TV shows, movies, streaming platforms, and networks. The merger is anticipated to close in approximately two weeks, following the settlement of a 12-state antitrust lawsuit.
Rich in programming assets, the merger includes franchises like Harry Potter and “Game of Thrones” from Warner Bros. Discovery, as well as Paramount’s “Yellowstone” universe and Nickelodeon empire. Additionally, there are streaming services like HBO Max and Paramount+, linear networks like HGTV and CBS, news organizations like CNN and CBS News, and multiple video game studios.
Following are some of the combined Paramount-Warner Bros. Discovery assets the newly merged company will own:
Franchises from Paramount include Yellowstone, Mission: Impossible, Top Gun, Transformers, Teenage Mutant Ninja Turtles, Dora the Explorer, Paw Patrol, South Park, Star Trek, The Godfather, SpongeBob Square Pants, and Avatar: The Last Airbender; while Warner Bros. Discovery brings Harry Potter, The Lord of the Rings, The DC Universe, Game of Thrones, Friends, Mortal Kombat, Looney Tunes, The Matrix, and more to the table.

In terms of Studios, the merger combines Paramount Pictures, Paramount Television Studios, CBS Studios, Skydance Media, Paramount Animation, Warner Bros. Pictures, Warner Bros. Television Studios, New Line Cinema, and DC Studios.
Channels included in the merger are CBS, Nickelodeon, MTV, VH1, CMT, Comedy Central, Showtime, Paramount Network, BET, TV Land, CNN, HBO, Cartoon Network, TBS, TNT, truTV, Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Magnolia Network, OWN, and Animal Planet.
The merger will also include Streaming Services like Paramount+, Pluto TV, HBO Max, Discovery+, and News Networks like CBS News and CNN.
Lastly, video game studios such as Paramount Games Studio, Warner Bros. Games, Warner Bros. Games Montreal, Avalanche, NetherRealm Studios, Rocksteady, TT Games will be part of the new conglomerate.