Skydance targets $6bn in savings after Warner Bros Discovery takeover

Skydance plans to cut at least $6bn in costs over three years following its takeover of Warner Bros Discovery, while the newly combined company also plans to launch a streaming bundle bringing together HBO Max and Paramount+ early next year.

The $110bn merger was completed just over a month ago, creating a group that includes the Warner Bros and Paramount film studios, CNN and numerous US television channels. Skydance has not said where the streaming bundle will be available.

The company has not announced job cuts. The integration has fuelled concern in Hollywood about potential redundancies, and Skydance has previously pledged to release at least 30 films a year to address worries that the merger could harm film production.