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Skydance ushers in a new era of entertainment with its Paramount and Warner Bros. Discovery combination, promising global scale, creative innovation and nearly $70 billion in revenue while targeting $6 billion in synergies.
Ynon Kreiz, the new co-chief executive of Skydance, has said the majority of a planned $6 billion in cost savings will not be from layoffs, but some will.
Skydance chairman and co-CEO David Ellison said he and co-CEO Ynon Kreiz would remain on the sidelines when it comes to editorial decisions involving CNN and CBS following the closing of the $110.8 billion equity merger between Paramount and Warner Bros. Discovery. Speaking Oct. 8 on CNBC’s “Squawk Box,” Ellison said…