Overview
- Skydance, which closed its Warner Bros. Discovery acquisition in early October, outlined a three‑year plan on Monday to deliver at least $6 billion in synergies driven by cuts to corporate overhead, marketing, technology and procurement.
- The merged company reported Paramount Skydance third‑quarter results showing about $7 billion in revenue and a $73 million profit, and said it will stop reporting quarterly subscriber counts in favor of engagement and profitability metrics.
- Skydance confirmed an HBO Max and Paramount+ consumer bundle will launch in early 2027 and said it expects to align the two services’ backend systems within a year of closing to speed product unification.
- The company disclosed roughly $80–87 billion of debt from the deal and set a target to lower net leverage to about 3.0x by the end of 2029, making debt reduction the central near‑term risk to its plan.
- Leadership and operating changes are underway, including the exit of James Gunn and Peter Safran from DC Studios and the promotion of Jeremy Latcham, while the company warns underperforming Warner Bros. films could pressure near‑term profit.