# In late February, David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros.

*business · news · 2026-04-13 · The Indian Express*

## Key points

- Paramount Skydance has reached a deal to acquire Warner Bros. Discovery, pending shareholder and regulatory approval.
- Netflix submitted a rival bid for Warner Bros. Discovery but was ultimately unsuccessful.
- David Ellison pledged to keep Paramount and Warner Bros. as separate studios, releasing 30 movies annually.
- A coalition of advocacy groups and celebrities publicly opposes the merger, citing threats to industry diversity and jobs.

**Companies:** Warner Bros. Discovery, Paramount Skydance
**Countries:** United States

[Read the full story on The Indian Express](https://indianexpress.com/article/entertainment/hollywood/hollywood-heavyweights-voice-unequivocal-opposition-to-paramount-warner-merger-in-open-letter-10634655/)

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