Skydance says it plans to cut at least $6 billion over three years, starting with an HBO Max and Paramount+ bundle early next year and savings from corporate functions, marketing, technology and third-party spending.
Skydance detailed plans to deliver $6 billion in cost savings from its Warner Bros Discovery acquisition and said it would launch a streaming bundle of HBO Max and Paramount+ early next year
Skydance detailed plans Monday to slash at least $6 billion in annual costs following its combination of Paramount and Warner Bros. Discovery as it grapples with a massive debt load from the deal.