Warner Bros. Discovery

Los Angeles – October 06, 2026 -- Skydance Corporation (NYSE: SKYD) has named Laurene Powell Jobs and Bobby Kotick as independent directors and former UK Prime Minister Tony Blair as a board advisor, effective immediately, following the merger of Paramount with Warner Bros. Discovery, Inc. (NASDAQ: WBD).

David Ellison retains chairman and CEO roles atop the newly combined board

Ellison will continue to chair the Skydance board and serve as Chairman and Chief Executive Officer of the combined entity. The reconstituted board retains all current Paramount directors and adds three new members: Skydance Co-CEO Ynon Kreiz, Emerson Collective founder Laurene Powell Jobs, and Activision founder Bobby Kotick, with Powell Jobs and Kotick designated as independent directors.

NEW YORK – September 30, 2026 -- Paramount Skydance Corporation (NASDAQ: PSKY) and Warner Bros. Discovery, Inc. (NASDAQ: WBD) confirmed their merger is expected to close October 6, 2026, finalizing one of the largest media consolidations in recent years.

WBD shareholders to receive $31.01666668 per share at anticipated closing

Under the Merger Agreement dated February 27, 2026, each outstanding share of WBD common stock will convert into a cash right of $31.00 plus a daily accrual of $0.00277778 for each calendar day elapsed after September 30, 2026 through the closing date. If the deal closes on the anticipated date of October 6, 2026, the per-share payout totals $31.01666668.

Washington – September 21, 2026 -- The Teamsters Union has endorsed a settlement agreement announced by California Attorney General Rob Bonta that clears a path for the pending merger between Paramount Skydance and Warner Bros. Discovery.

Bonta brokers deal covering unions and employers in entertainment merger

Teamsters General President Sean M. O'Brien credited Attorney General Bonta for coordinating unions, employers, and other stakeholders to reach terms on the merger. The union identified worker protections embedded in the agreement as the central issue for its 1.3 million members across the U.S., Canada, and Puerto Rico.

Los Angeles – September 12, 2026 -- Paramount Skydance Corporation (NASDAQ: PSKY) filed reply briefs pressing a district court to enforce a bond requirement against State Attorneys General and the Writers Guild of America (WGA), the two plaintiffs blocking its merger with Warner Bros. Discovery (NASDAQ: WBD). The company says it has cleared regulatory approval in 69 jurisdictions and satisfied all closing conditions, leaving the pending lawsuits as the sole barrier to completing the transaction.

Paramount quantifies delay costs at up to $1.88 billion

The filing states Paramount provided unrebutted evidence that ticking fees and incremental financing costs tied to the closing delay could reach $1.88 billion. Paramount's briefs assert that plaintiffs have not disputed this figure or otherwise contested that the company will suffer financial injury from the court's no-close order.

Abu Dhabi – September 09, 2026 -- Miral and Warner Bros. Discovery Global Experiences will add three new Harry Potter-themed lands to Warner Bros. World Abu Dhabi, spanning approximately 63,000 sqm (678,000 sqft), with construction targeted for completion in 2029.

Three new zones will recreate Diagon Alley, Hogwarts and the Forbidden Forest

The lands will feature world-exclusive Harry Potter-themed rides built solely for the Yas Island park, according to the companies. Warner Bros. World Abu Dhabi currently operates six immersive lands themed around Warner Bros. franchises.

Expansion lifts total park footprint by more than 50%

The Harry Potter additions form part of a wider build-out that also includes two previously announced DC attractions, Kryptonite Collider and Superman Up and Away. Combined, the new zones will add roughly 70,000 sqm (753,478 sqft) of theme park space, expanding the park's overall size by more than 50%.