Skydance Maps $5.8 Billion Savings, Targets HBO Max-Paramount+ Bundle by Early 2027
Updated
Updated · Hollywood Reporter · Nov 10
Skydance Maps $5.8 Billion Savings, Targets HBO Max-Paramount+ Bundle by Early 2027
3 articles · Updated · Hollywood Reporter · Nov 10
Summary
Skydance said its first post-Warner Bros. Discovery earnings report points to $5.8 billion in savings and an HBO Max-Paramount+ bundle launching in early 2027.
The biggest cuts are expected from $2.2 billion in corporate overhead, $1.4 billion in procurement, $1.2 billion in technology and $1 billion in marketing as the company removes duplicate roles and unifies systems.
Q3 revenue was $7 billion, with net earnings of $73 million and adjusted EBITDA of $1 billion, but the figures exclude WBD because the deal closed after the quarter ended.
Skydance still plans to spend $30 billion a year on content, arguing its combined streaming, broadcast and cable platforms can distribute titles more efficiently ahead of a likely fuller service integration.