Paramount and Warner Bros. will become "Skydance" after completion of the merger, David Ellison announced on social media.

"Paramount and Warner Bros. shaped over a century of culture. By combining them, we aren't rewriting history — we're equipping these iconic studios with a more powerful engine," he said. "Together, we are Skydance: a creative-first home for bold, quality storytelling."

He also promised to "honor what makes Paramount and Warner Bros. special — giving both studios the opportunity to grow, tell more great stories and bring those stories to even broader audiences around the world, powered by the scale and capabilities of Skydance."

Ellison's announcement comes as media continues a trend toward consolidation, with large firms increasingly gobbling up smaller studios. The Warner Bros.-Paramount merger had faced legal scrutiny, but ultimately was allowed to move forward.

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.