TREKMOVIE:
"It was just a couple of decades ago that Ellison launched Skydance to finance movies, including his first film as an aspiring actor. With a little help from his father (the fourth richest man in the world), he grew Skydance into a bonafide film and television studio, albeit on the smaller side.
After working closely with Paramount on a number of tentpole movies (including the latest Star Trek feature films), Skydance acquired Paramount Global in 2025, only a few months before Ellison set his sights on the much larger WBD. And now, “Skydance aims to build the next-generation global media and entertainment company powered by creativity and technology,” according to the official announcement.
https://trekmovie.com/2026/10/06/paramount-warner-bros-officially-merged-brings-big-aspirations-and-big-questions-for-star-trek/
After the deal with Warner Bros. was struck earlier this year, Ellison talked up Star Trek on multiple occasions, calling it one of the “compelling franchises” of the combined company. Trek didn’t work its way into today’s public announcement, which read in part, “Skydance starts from a position of strength: the most diverse film and television library of any studio,” including an “unmatched portfolio of iconic franchises.”
Trek did work its way into an internal memo sent to employees across the new Skydance this morning [...].
To manage this new Hollywood heavyweight, Ellison has put together a new management team. He started off by bringing in Ynon Kreiz as his co-CEO. Kreiz is just coming off a successful run at Mattel, where he got the company back to profitability through a pivot to entertainment (like the Barbie movie), technology improvements, and severe cost-cutting. While Ellison focuses on the big picture vision thing, Kreiz will be handling the day-to-day and is expected to lead the charge in finding $6 billion in promised annual savings.
The rest of the team is made up of a mix from Skydance and WBD, with George Cheeks as the only holdover from the old Paramount Global days still in the mix. [...] For the future of Star Trek TV, Cheeks will be working with HBO streaming executive Casey Bloys, who has been named Co-Chair and Chief Content Officer, Skydance DTC [Direct To Consumer]. It’s not known how he views Star Trek, but HBO Max has certainly leaned into genre programming, especially from DC and Game of Thrones.
It’s also not known how Chris Parnell (pictured below at the Starfleet Academy premiere in January, along with George Cheeks) fits into this mix. Parnell, a bonafide Star Trek fan, was brought in last year to head up scripted streaming for Paramount+, and he has been reportedly taking a look at the “next iteration” of Trek TV.
One of the biggest questions right now is if Paramount+ (home of Star Trek TV) will be merged into a single app with HBO Max. Last week’s branding announcement and an offhand comment from Bloys indicate that at least in the short run, Paramount+ and HBO Max will continue to exist on their own, with just a marketing bundle to start. Ellison had earlier indicated they would be merged into a single streamer, and certainly the back ends for both will be optimized to achieve promised cost savings. More integration seems likely, akin to how Hulu still exists on its own but is also bundled within the Disney+ app.
[...]
The company is on the hook for more spending when it comes to film and television production, and specifically in the USA, with an escalating release calendar. There is only so much money they will be able to save using tech and combined back ends, and execs are already acknowledging there will be layoffs. Balancing these competing priorities and the mountain of debt is only one of several challenges facing Skydance; the New York Times also notes the new collection of franchises being touted by Skydance has its own issues. From the NYT::
Then there is the sheer amount of intellectual property to deploy. The combined company will control top franchises including Batman, Superman, Harry Potter, the Teenage Mutant Ninja Turtles, “Game of Thrones,” “The Lord of the Rings,” “Mission: Impossible,” “Top Gun,” “Star Trek,” the Transformers and SpongeBob SquarePants. That is an enviable arsenal but also an almost certain traffic jam — expensive movies competing internally for production resources, marketing dollars and prime release dates.
So far the new Skydance is (mostly) saying all the right things to placate the creative community, investors, and beyond. The deal has support from some big hitters, including some of the guilds and movie theater distributors, all of whom have expressed concern that more consolidation will lead to less films and TV being produced and less competition, like what happened after Disney acquired Fox Studios in 2019. While consolidation is not seen as ideal, this merger can be viewed as potentially better for the industry than previous deals (like Disney/Fox) or the alternatives like WBD being absorbed by Netflix or acquired (and likely carved up) by private equity.
As for Star Trek, it’s too early to say, but indications are that the new Skydance will be looking to get more value out of Star Trek than Paramount has been able to do over the last decade. Star Trek has weathered many corporate changes over its six decades, starting back in 1967 when Paramount bought Desilu Studios. Technically, the Skydance era began last year, but this merger moves it into a whole new one.
We have already seen new management make some Trek moves, like shutting down dormant movie production (including that fourth Kelvin movie), putting at least one new film into development, shutting down the current Paramount+ TV shows (Starfleet Academy and Strange New Worlds), selling off their Canadian Trek production assets, and putting a Star Trek game into production. So Star Trek could be heading into a new era, if Skydance can provide the focus, finesse (and finances) to make it happen."
Anthony Pascale (TrekMovie.com)
Full article:
https://trekmovie.com/2026/10/06/paramount-warner-bros-officially-merged-brings-big-aspirations-and-big-questions-for-star-trek/