(FILES) This aerial view shows the water tower with the Paramount logo at Paramount Studios in Los Angeles, California, on December 9, 2025. Paramount on October 6, 2026, completed its takeover of Warner Bros. Discovery, uniting two of Hollywood's most storied studios in a media empire spanning television, news and cinema under the control of David Ellison. The combined company, renamed Skydance, brings together Paramount Pictures and Warner Bros. Pictures, the CBS News and CNN networks, and the HBO and CBS television brands. (Photo by Robyn Beck / AFP via Getty Images)