15:25 - 7.10.2026

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October 7, Fineko/abc.az. The deal to merge Paramount Skydance and Warner Bros. Discovery has closed. Over the year, WBD shares rose by almost 63% to $30.95, while Paramount Skydance shares fell almost by 48% to $9.78.

The new Skydance Corp. merged Warner Bros., HBO, CNN, DC Studios, Paramount Pictures, CBS, Nickelodeon, Showtime, MTV and other assets and began trading at the NYSE on October 6.

At the same time, the company received about $80 billion in debt. Fitch downgraded its rating from BB+ to BB, and Moody's assigned Ba3, noting its high debt burden, integration risks, and uncertainty about achieving synergies. Skydance's goal is to reduce the ratio of net debt to adjusted earnings from an expected 7x in 2026-2027 to 3x or lower by 2029.

Wall Street analysts are skeptical: out of 25 analysts, only three recommend buying the company's shares, and ten recommend selling.