Two Studio Names Will Answer to One Next Week: Skydance

Paramount and Warner Bros. are set to become a single studio next week, operating under the Skydance name, according to Variety. The transaction is scheduled to close on Tuesday. Variety reports that Skydance's 20-year record has centered on action films, including work with Tom Cruise and Mark Wahlberg. For readers who follow the film business here at home, that record now becomes the starting point for the combined company.

With reporting from Variety.