Movistar Plus and Skydance have unveiled an expanded new two-year deal covering HBO Max, select channels, Warner Bros. Pictures theatrical releases and a new selection of local series under a joint Movistar Plus and HBO Original label.

The Paramount and Warner Bros. Discovery merger, with the new company operating under the Skydance brand, has closed.

David Ellison and Ynon Kreiz have confirmed the senior leadership structure for Skydance as the Paramount/Warner Bros. Discovery merger nears completion.

In a post on X, David Ellison announced that the merged Paramount/Warner Bros. Discovery—with the deal expected to close next week—will be called Skydance.

Paramount has made the case for its proposed acquisition of Warner Bros. Discovery in a letter to the company's shareholders, arguing it delivers "superior value and a faster, more certain path to completion than the Netflix transaction."