Paramount and Warner Bros. Discovery to become Skydance

Paramount and Warner Bros. Discovery are set to merge under the Skydance brand, as announced by CEO David Ellison. This massive consolidation brings together two of Hollywood's most iconic studios under the name of Ellison's original production company.

The deal, valued at approximately $110 billion, is scheduled to finalize on October 6. This strategic move marks a significant shift in the media landscape, creating a unified powerhouse in the entertainment industry.

Related summaries

BusinessmarketsOct 5, 2026

Canal+ Threatens to Pull $1.1B Cinema Deal Over French Tax Hike

Canal+ Group chairman Maxime Saada has warned that the company may withdraw from its €1 billion investment deal with the French film industry. This threat comes in response to a government proposal to double the VAT on pay-TV subscriptions from 10% to 20%. Saada argues that the current tax rate is a fundamental condition of their investment contract. If the tax hike proceeds, the company claims the agreement would be void, potentially reducing their annual contribution to French cinema from significant levels to approximately €50 million.

Canal+France Cinema Taxation Film Industry

Businessglobal-economyOct 5, 2026

Informal Businesses Are Vital to Entrepreneurial Ecosystems

A recent systematic review published in the International Journal of Entrepreneurship and Small Business challenges the traditional view of informal businesses. It argues that these entities are not merely peripheral, but essential components of a healthy entrepreneurial ecosystem. The research suggests that policymakers should integrate informal enterprises into broader economic strategies. By recognizing their role, governments can foster more inclusive and robust economic growth.

entrepreneurship informal economy economic policy small business ecosystem

BusinessOct 5, 2026

Average five-year mortgage rate hits 6% for first time in three years

The average interest rate for a new five-year fixed mortgage has reached 6% for the first time in three years. This surge is driven by rising wholesale funding costs for lenders, fueled by global economic uncertainty and increased government borrowing costs following the onset of the Iran war. Borrowers are facing a challenging landscape as the number of mortgage deals priced below 5% has plummeted by 99% since September. Financial experts warn that this trend is likely to persist, significantly impacting millions of homeowners who need to renew their fixed-rate deals by 2028.

mortgage interest rates economy housing market finance

Paramount and Warner Bros. Discovery to become Skydance

Key Takeaways

Recommended for you