David Ellison goes minimalist alongside his new name for his Paramount-Skydance-Warner-Bros-Discovery empire

Just Skydance. It's cleaner.

David Ellison has a new name for the business that volition outcome from the $110 milliard mega-merger between Paramount Skydance and Warner Bros. Discovery: Skydance.

Skydance is the name of David Ellison's archetypal movie manufacturing company, which worked on movies including entries in the Top Gun and Mission: Impossible franchises.

Ellison framed the move as a way to evade degrading the position of either Paramount or Warner Bros., iconic movie studios that rosy during Hollywood's aureate era.

"Paramount and Warner Bros. shaped complete a hundred years of culture. By combining them, we aren't rewriting former — we're equipping these iconic studios alongside a additional mighty engine," Ellison stated on X on Friday. "Together, we are Skydance: a creative-first residence for bold, norm storytelling."

Paramount settled two lawsuits final week, efficiently paving the way for its blockbuster agreement to acquire Warner Bros. Discovery that volition reshape Hollywood. Twelve states and the Writers Guild of America had sued to obstacle the merger. The states asserted that it would provision Paramount too much power complete the allocation of theatrical movies, big-budget films, and essential cable channels. Paramount denied those claims and stated its agreement would enhance competition in Hollywood and advantage consumers.

When the merger is complete, Ellison — alongside alongside his begetter Larry, the Oracle billionaire whose fortune backstopped the agreement — volition oversee a presenter of important media assets, including two movie studios, HBO, Paramount+, and TV networks specified as CBS, CNN, and dozens more.

Along alongside the new name, David Ellison's plans for the blended business are starting to arrive into focus.

On Wednesday, he announced that Ynon Kreiz, who'd been the CEO at toy creator Mattel since 2018, would rotate into co-CEO of the new company.

"We have big goals for Skydance, and we average to prosecute them alongside passion, imagination and a willingness to obtain astute risks," Ellison stated Friday on X.