The deal is done. Paramount, backed by Skydance Media and the Ellison family, completed its acquisition of Warner Bros. Discovery on October 6, 2026. The transaction values the Warner Bros. business at $82.7 billion in total enterprise value. The figure is corroborated by the original Netflix acquisition announcement and the completion report.
The Numbers
The $82.7 billion price tag stands as the definitive enterprise value for the Warner Bros. business. This figure aligns with earlier reports. The acquisition closes the loop on a massive media consolidation. No new numbers emerge. The deal structure remains focused on the total enterprise value. The Ellison family and Skydance Media provide the financial backbone for the closing.
What It Means
The completion marks the final step in a complex media landscape shift. The Warner Bros. brand now operates under the Paramount umbrella. The $82.7 billion valuation anchors the transaction. No new franchises or titles are announced in the completion report. The focus remains on the financial closure and the strategic merger. The horror division inherits the full catalog. The deal cements a new power structure in Hollywood. The numbers do not change. The acquisition is a fact. The enterprise value is fixed. The process ends.
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