\n\tTeam,<\/p>\n
\n\tToday we begin an exciting new chapter as Skydance.<\/p>\n
\n\tGetting here has been quite a journey. Over the past year and beyond, it has taken hard work, perseverance and commitment with many challenges along the way \u2013 but we did it! To everyone at both companies who helped get us to this moment: thank you. Thank you for your patience, your resilience and, above all, your belief in what we could accomplish together.<\/p>\n
\n\tBringing Paramount and Warner Bros. Discovery together fulfills a vision that began with Skydance\u2019s acquisition of Paramount: to build the next-generation media and entertainment company, powered by creativity and technology. The goal was never simply to add more production capacity, brands or IP. It was to unite the talent, resources and capabilities of these companies into a stronger competitor, one with the scale to take on the biggest players in our industry. Together, we will give these iconic studios the opportunity to win for generations to come.<\/p>\n
\n\tBuilt for what\u2019s ahead<\/p>\n
\n\tAs all of you know, our industry is in a period of profound change. Audiences have more choices than ever, technology is reshaping how stories are created, distributed and experienced, and competition for people\u2019s time and attention has never been greater. We don\u2019t just want to succeed in this environment \u2013 we want to win and help shape the future of the industry.<\/p>\n
\n\tWe want to lead.<\/p>\n
\n\tAnd that starts with what we\u2019re building together: a company that tells great stories in every genre, for audiences everywhere, on every platform. A company that can compete in a crowded market and win at global scale, create enduring value for all stakeholders, and strengthen the industry as a whole.<\/p>\n
\n\tAs owner-operators, we\u2019re in this for the long term, committed to building Skydance for the future \u2013 not simply optimizing for the next quarter or the next year, but creating a company built to endure, evolve and remain relevant. That means being creative-first, audience-focused, tech-forward and globally scaled \u2013 building a thriving ecosystem where stories and worlds are imagined, brought to life and experienced by audiences of all ages, everywhere.<\/p>\n
\n\tAt the center of it all is a clear purpose: to entertain, inspire and inform the world through extraordinary storytelling. And we\u2019ll be guided every step of the way by shared priorities that shape how we intend to operate, how we make decisions, how we work together and how we show up for our audiences, our partners and one another.<\/p>\n
\n\tOur top priorities<\/p>\n
\n\tTo bring that mission to life, these are the priority areas where we will concentrate our energy:<\/p>\n
Win in storytelling.
Great stories remain at the heart of everything we do. We will invest in the ideas, creators, franchises and experiences that captivate audiences around the world and create lasting cultural impact. On the big screen, we are committed to making at least 30 movies a year, pairing original stories from today\u2019s most exciting filmmakers with beloved franchises like Harry Potter, Mission: Impossible, The Lord of the Rings, DC, Transformers and Star Trek. On television and streaming, it means storytelling like Game of Thrones, Landman, NCIS, Tracker and SpongeBob SquarePants. In games, it means worlds like Hogwarts Legacy and Mortal Kombat; and in live sports, it means the NFL on CBS, the UFC, UEFA and March Madness, just to name a few.<\/p>\n
Become the most technologically capable media company.
Technology is fundamentally reshaping our industry, and we intend to be at the forefront. We will use technology, data and emerging capabilities to improve how we create, distribute and monetize content, from new production tools to personalization and entirely new ways for fans to engage with the stories they love. We will embrace the opportunities AI provides to expand what our creatives can imagine and to make our businesses even more productive. The opportunities ahead are enormous, and we intend to seize them. But one principle will never change: technology must serve the art \u2013 never the other way around.<\/p>\n
Lead in a crowded market.
We came together to create another major competitor in the industry. And with our combined scale, assets and global reach, we are positioned to take on some of the largest technology and media companies in the world and to lead in an evolving entertainment landscape. We will use that strength to drive synergies, operate with discipline and invest in the long-term growth of our business. And we will go further than traditional synergies. By embracing the most advanced technologies available and embedding them into how we operate, we will work smarter, move faster and unlock efficiencies the merger alone could not deliver.<\/p>\n
Earn Trust Every Day.
Trust is foundational to everything we do. And we are committed to earning it every day by communicating directly, following through on our commitments and listening closely to those we serve and work alongside. That is essential to our reputation and our long-term success.<\/p>\n
\n\t
As we work toward these goals, we must never lose sight of what matters most: our people. We will build a culture where people feel respected, empowered, supported and proud of the work they do. And we will extend that same commitment, with reliability and responsibility, to our creators, audiences, consumers, advertisers and partners.<\/p>\n
\n\tNone of what we accomplish happens in a vacuum. It reflects everyone joining forces to unlock the full potential of our assets: an unmatched portfolio of brands, franchises, libraries, IP and creative talent, with decades of history and, in many cases, decades of opportunity still ahead.<\/p>\n
\n\tTogether, we can reach audiences across platforms, markets, and generations in ways neither Paramount nor WBD could have achieved alone. With the talent, scale, relationships and resources to build on, we can create something truly distinctive.<\/p>\n
\n\tFor audiences, it means more choice and more ways to experience the stories they love. For creators, it means a partner with the scale and capabilities to help their best ideas reach the widest possible audience. For our partners, it means a broader, more powerful platform to build on. And for the broader creative community, it means an enduring commitment to storytelling and the people who make it possible.<\/p>\n
\n\tThat is the foundation of Skydance. And it\u2019s why this combination matters so much.<\/p>\n
\n\tHonoring an extraordinary legacy<\/p>\n
\n\tThe union of these two iconic companies represents an exciting future. But, just as important as what we build together is preserving what has made them iconic in the first place. Paramount and Warner Bros. each have a distinct identity and extraordinary legacy that deserves to stand on its own.<\/p>\n
\n\tIn choosing our corporate brand, we never wanted to diminish, alter or overshadow any of the assets that have global recognition and have withstood the test of time. Both studios will continue to operate under their own names, and audiences will still see the Paramount mountain and the Warner Bros. shield before the films and shows they love.<\/p>\n
\n\tWarner Bros. is woven into the history of modern entertainment, from film and television to journalism, sports, unscripted programming and some of the world\u2019s most recognizable characters and franchises. Paramount has an equally extraordinary legacy, with more than a century of storytelling that helped define the American film industry and shape entertainment across every medium.<\/p>\n
\n\tWe realized early on that simply combining the two names \u2013 WarnerParamount, ParaWarner or ParamountWarner \u2014 accomplished none of what we wanted. Every variation somehow made two giants feel smaller, not greater. It asked each to give something up rather than allowing us to create something new. This isn\u2019t a merger of convenience. It\u2019s the beginning of a new era in entertainment, and we wanted a name that looks forward rather than one that simply splices together the past.<\/p>\n
\n\tThat brought us to Skydance \u2014 a name that obviously has special meaning to David, who chose it for his own studio 20 years ago. It evokes possibility: scale and ambition, creativity and imagination, artistry and innovation. Most importantly, it doesn\u2019t compete with either legacy. It gives the new company an identity of its own while allowing Paramount and Warner Bros. \u2013 and all our extraordinary brands \u2013 to remain in the spotlight.<\/p>\n
\n\tBecause ultimately, what we are bringing together is much more than brands and libraries. It is the creative spirit, ambition and craftsmanship that have kept these companies culturally relevant for generations. That spirit will continue to be a core part of who we are at Skydance.<\/p>\n
\n\tAnd who we are will also be defined by what we strive to accomplish \u2014 not just for our company, but for the industry at large. That means looking ahead to the forces that are reshaping entertainment and finding ways to harness them to expand what\u2019s possible \u2013 for creators, for audiences and for the business itself.<\/p>\n
\n\tFinancial strength<\/p>\n
\n\tWe\u2019re building a diversified company with the financial strength to compete aggressively and the discipline to create sustainable value. That\u2019s not just important to our investors \u2013 it\u2019s important to all of us. A financially strong, well-run company gives us the freedom to take creative risks, invest in our people and our technology, and pursue the kind of opportunities that set us apart.<\/p>\n
\n\tIn concrete terms, we are together one of the largest media and entertainment companies in the world, with nearly $70 billion in revenue. As we have said publicly, we are also targeting at least $6 billion in synergies, which will make us leaner and more nimble and free up capital to invest in the stories, creators and technology that matter most.<\/p>\n
\n\tIntegrating two companies will bring change, including difficult decisions that affect our workforce. We are committed to handling this process thoughtfully and respectfully.<\/p>\n
\n\tThe road ahead<\/p>\n
\n\tToday is Day One.<\/p>\n
\n\tWe have an incredible collection of assets. Extraordinary creative talent. Global scale. The technology to lead. And most important, we have the people who bring it all to life every day.<\/p>\n
\n\tWe have everything we need to win, and that is our goal: to build a next-generation global media and entertainment company that puts audiences first, empowers creators, embraces innovation and creates lasting value for generations to come.<\/p>\n
\n\tBut none of this happens without you. Thank you for everything you\u2019ve brought to this moment. We\u2019re proud to write this next chapter with you.<\/p>\n
\n\tNow the real work begins.<\/p>\n
\n\tLet\u2019s go!<\/p>\n
\n\tDavid and Ynon<\/p>\n","protected":false},"excerpt":{"rendered":"Team, Today we begin an exciting new chapter as Skydance. Getting here has been quite a journey. Over…\n","protected":false},"author":2,"featured_media":872988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[88,4208,3094,10343],"class_list":["post-872987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entertainment","tag-entertainment","tag-paramount","tag-skydance","tag-warner-bros-discovery"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/872987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=872987"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/872987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/872988"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=872987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=872987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=872987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}