MARKETS

S&P 500 7,727.55 +0.66% NASDAQ 26,513.20 +1.31% FTSE 100 10,684.84 -0.77% NIKKEI 63,268 +1.73% BRENT $109.62 -1.01% GOLD $4,072.8 +0.85%

Delayed 15 min · 16:28 GMT

FLASH

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

Leadership

Hollywood's $110B megadeal closes tomorrow as "Skydance" is born

Paramount and Warner Bros. Discovery combine with about $80B of debt and a $6B cost-cut target

News | 5 October 2026

Hollywood's $110B megadeal closes tomorrow as "Skydance" is born

The biggest media merger in history clears its last hurdle, putting CBS, CNN, HBO Max and Paramount+ under one parent.

Hollywood's $110B megadeal closes tomorrow as "Skydance" is born. Paramount and Warner Bros. Discovery combine with about $80B of debt and a $6B cost-cut target. As this biggest media merger in history clears its last hurdle it puts CBS, CNN, HBO Max and Paramount+ under one parent.

The merged Paramount–Warner Bros. Discovery will be called Skydance, CEO David Ellison announced Friday, with closing expected Tuesday, October 6. The combined company spans film, TV, news, cable and streaming, including CBS, CNN, Paramount+ and HBO Max.

The deal is valued at about $110 billion, and the group is expected to carry roughly $80 billion in debt while targeting $6 billion in cost savings. A five-year settlement with 12 states imposes requirements on theatrical releases, production spending, cable negotiations and news operations. Mattel CEO Ynon Kreiz becomes co-CEO alongside Ellison at close.