United States: Paramount Skydance CEO David Ellison on Friday said that upon closing the company's merger with Warner Bros Discovery, the combined entity will be called Skydance.
The move was aimed at maintaining separate identities of the Paramount and Warner Bros studios, rather than having a new corporate identity overshadow them, Ellison added.
The combined company will be an entertainment behemoth spanning film, TV and news, uniting the studios behind the 'Mission: Impossible' and 'Harry Potter' films with major television and streaming networks such as CBS, CNN, Paramount+ and HBO Max.
"We never wanted a new corporate identity to diminish, alter, or overshadow either one," Ellison wrote in a social media post. "Instead, we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros., and all our extraordinary brands, to remain in the spotlight."
The company plans to change its legal name to Skydance Corporation on October 6, according to a regulatory filing. On the same day, its Class B shares are expected to move from Nasdaq to the New York Stock Exchange, where they will trade under the ticker 'SKYD' instead of 'PSKY'.
