Paramount Skydance Corporation (NASDAQ: PSKY), often described as Paramount, a Skydance Corporation, generates a steady flow of news across filmed entertainment, streaming, TV media, and corporate activity. Company communications highlight a portfolio that includes Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance’s Animation, Film, Television, Interactive/Games, and Sports divisions.
News related to PSKY frequently covers corporate governance and leadership changes, such as the appointment of Dennis K. Cinelli as Chief Financial Officer and his earlier designation as a director and Audit Committee member, as well as the addition of Andrew Campion as an independent director. These updates provide insight into how the company structures its financial oversight and board expertise.
Another major stream of coverage focuses on strategic transactions and capital markets activity. Paramount has issued multiple releases detailing its fully financed all‑cash tender offer to acquire Warner Bros. Discovery, Inc. at $30 per share, along with subsequent amendments and public letters to WBD shareholders. Related communications from Warner Bros. Discovery discuss the board’s evaluation of Paramount’s offer versus a separate merger agreement with Netflix, giving investors a detailed view of the ongoing transaction process.
On the content side, PSKY‑related news includes announcements from Paramount+ and Pluto TV. For example, Paramount+ in Canada has announced CANADA SHORE as its first Canadian original series and a new entry in the global Shore franchise, with distribution on Paramount+ and sampling on Pluto TV’s MTV Jersey Shore Channel. These stories illustrate how the company’s streaming platforms use existing brands and formats to launch new regional programming.
Investors, analysts, and media observers can use this news feed to follow developments in leadership, governance, large‑scale transaction proposals, and new content initiatives tied to Paramount Skydance’s broad portfolio of entertainment brands.
Skechers Foundation aims to raise $3 million through its annual Pier to Pier Friendship Walk on October 18, 2026. The event supports children with special needs, public schools and national college scholarships, with Nickelodeon as presenting sponsor. Now in its 18th year, the Walk has raised more than $32 million to date.
The $70 million Friendship Campus in Redondo Beach, California, is planned for completion in November, with a grand opening set for January 21, 2027. The nearly 62,000-square-foot center will support young adults with special needs through skills development and educational programming.
Paramount Skydance (NASDAQ: PSKY) announced the leadership team expected to run Skydance after its anticipated acquisition of Warner Bros. Discovery (NASDAQ: WBD). The combined company would be led by Chairman and CEO David Ellison and Co-CEO Ynon Kreiz, with executives from both companies reporting directly to them. Ellison would oversee long-term strategy, creative direction, technology and capital allocation; Kreiz would manage daily operations and integration.
Andy Gordon would serve as president, and all three would join the board, chaired by Ellison. Dana Goldberg and Josh Greenstein would co-lead the motion picture group, while James Gunn and Peter Safran would co-chair DC Studios. The company plans to accelerate its integrated direct-to-consumer streaming platform and modernize technology to improve operations. These appointments depend on completion of the acquisition; a full executive leadership list is expected soon after closing.
Royal Caribbean (RCL) plans to introduce “The SpongeBob Musical” aboard Hero of the Seas when the ship debuts in August 2027. The production, inspired by the Broadway musical and Nickelodeon animated series, will run in the Royal Theater. The fourth Icon Class ship will sail from Miami on seven-night Eastern and Western Caribbean itineraries, each visiting Perfect Day CocoCay in The Bahamas.
S&P Dow Jones Indices, a division of S&P Global (SPGI), announced index changes involving Workiva, Vylor, Twilio and other companies.
Vylor (VYLR) joined the S&P 500 on October 1, 2026, following its completed spin-off from Corteva. Before trading opens on October 6, Corteva (CTVA) leaves the S&P 500 for the S&P MidCap 400, replacing Olin (OLN), which replaces Qorvo (QRVO) in the S&P SmallCap 600. Twilio (TWLO) replaces Warner Bros. Discovery (WBD) in the S&P 500; Formfactor (FORM) replaces Twilio in the S&P MidCap 400; and Workiva (WK) replaces Formfactor in the S&P SmallCap 600.
Skyworks Solutions (SWKS) is acquiring Qorvo, and Paramount Skydance (PSKY) is acquiring Warner Bros. Discovery. Both deals are expected to close soon, pending final closing conditions. Paramount Skydance will move its primary listing to the NYSE after the merger.
Paramount Skydance (NASDAQ: PSKY) agreed to sell $41.4 billion in dollar-denominated secured notes to help finance its Warner Bros. Discovery acquisition. It also agreed to sell €885 million in secured notes. The notes carry first- or second-priority claims on collateral, with coupons ranging from 6.30% to 9.125% and maturities from 2028 to 2066. Their sale is expected to close on October 5, 2026.
Paramount also priced $8.5 billion and €850 million in secured term loans maturing in 2033. The dollar tranche increased from $7.5 billion, with a corresponding reduction in first-lien notes. Both loan tranches bear benchmark interest plus 2.75% annually, with stepdown provisions. Paramount intends to combine the proceeds with other funding to finance the WBD purchase price and repay certain existing debt. Completion of the notes offerings is not a condition of completing the acquisition.
Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY) expect their merger to close on October 6, 2026, subject to customary closing conditions.
The transaction follows the February 27, 2026 merger agreement among WBD, PSKY and Prince Sub. At the merger's effective time, eligible outstanding WBD common shares will convert into the right to receive cash, without interest. The payment equals $31.00 per share plus $0.00277778 multiplied by the number of calendar days after September 30, 2026, through and including the actual closing date. If closing occurs on October 6, the payment will be $31.01666668 per eligible share. Shares canceled for no consideration under the agreement and shares for which appraisal rights have been properly exercised are excluded from this conversion.
Paramount Skydance (PSKY) named Ynon Kreiz Co-CEO of the anticipated combined Paramount and Warner Bros. Discovery, effective when the merger closes. Kreiz starts at Paramount on October 5, 2026 and will join the combined company's board at closing. David Ellison remains Chairman and CEO, leading strategy, creative direction, technology and capital allocation; Kreiz will oversee daily operations and integration. The businesses will report jointly to both.
Paramount projects 16-19% growth in 2026 revenue and EBITDA before stock-based compensation, and expects the merger to generate more than $6 billion in run-rate synergies, or recurring savings and benefits. The anticipated streaming platform is expected to reach 200 million-plus global subscribers. In just over a year under Ellison, Paramount has doubled its theatrical slate and greenlit more than 40 new and returning Paramount+ series.
Paramount Skydance (PSKY) plans to offer approximately $44.4 billion of senior secured notes to help finance its Warner Bros. Discovery acquisition. The proposed debt comprises U.S. dollar-denominated first-lien notes and U.S. dollar- and euro-denominated second-lien notes. Paramount plans to combine the net proceeds with cash on hand, previously announced term loans and equity financing to fund the acquisition price and repay certain existing debt.
The offerings are subject to market and other conditions. The principal amounts, interest rates, currency denominations and maturities of the note series remain subject to significant conditions, as does completion of the acquisition.
Paramount Skydance (PSKY) extended its cash tender and debt exchange offers for Warner Bros. Discovery-related notes to October 6, 2026.
The offers expire at 5:00 p.m. New York City time unless extended again. They cover notes issued by Discovery Communications and Discovery Global Holdings. The cash tenders include $1,234,458,000 of eligible Discovery Communications notes due 2028 and $1,189,336,000 of eligible Discovery Global Holdings notes due 2027. The exchange offers would replace eligible notes with newly issued Paramount Skydance notes.
As of September 25, valid tenders represented approximately 67.33% of eligible cash-tender principal and 74.88% of eligible exchange-offer principal. The company does not view those figures as final results. Settlement is currently anticipated in the fourth quarter of 2026; Paramount Skydance expects to extend the offers to align settlement with the closing of its proposed Warner Bros. Discovery acquisition. It also modified certain terms of the new notes to align with terms expected for a separately planned second-lien note offering.
Paramount Skydance (PSKY) launched syndication on September 24, 2026, for a proposed $7.5 billion senior secured incremental term B loan facility.
Subject to market and other conditions, Paramount also intends to raise approximately $44.4 billion of additional secured debt, on top of the proposed facility and previously announced financings. It intends to use the borrowing proceeds, cash on hand and proceeds from previously announced equity financing to fund its planned acquisition of Warner Bros. Discovery and repay certain existing debt. Neither the financing nor the acquisition is assured.