Paramount Skydance Chief Executive Officer, David Ellison, said on Friday that the combined company will be named Skydance once its merger with Warner Bros Discovery closes.

Ellison explained that the decision was meant to keep the identities of the Paramount and Warner Bros studios separate, rather than place them under an entirely new brand.

Writing on X, Ellison gave his reasons for the choice. “We chose this name for a few important reasons,” Ellison wrote. “First and foremost, as we bring Paramount and Warner Bros. together, we wanted to preserve what has made each of these studios iconic. Both have distinct identities, extraordinary legacies and brands that have resonated with audiences for generations.”

He added, “We never wanted a new corporate identity to diminish, alter or overshadow either one,” Ellison wrote. “Instead, we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. — and all our extraordinary brands — to remain in the spotlight.”

According to a regulatory filing, the company plans to change its legal name to Skydance Corporation on October 6.

On the same day, its Class B shares are expected to move from Nasdaq to the New York Stock Exchange, where they will trade under the ticker “SKYD” instead of “PSKY.”

Not everyone is convinced by the new name. “The name is ego-driven. It reminds everyone that the most iconic Hollywood brands answer to Ellison and it is his company who won out,” said Ross Benes, senior analyst at Emarketer.

On Wednesday, a US judge entered an order allowing Paramount Skydance to close its $110 billion acquisition of Warner Bros Discovery, bringing an end to a months-long holdup.

The order approved a September 21 settlement with a California-led group of 12 states that had sued to block the merger, arguing that it would create a media giant capable of driving up film and television prices.

Earlier this week, Ellison named Ynon Kreiz as his co-CEO. The Mattel chief executive has been tasked with running day-to-day operations and leading the integration, which frees Ellison to focus on creative direction and overall strategy.

The two men face a target of saving $6 billion in costs while managing roughly $80 billion in combined debt.

David Ellison, son of Larry Ellison, expanded his Hollywood footprint after Skydance Media, the film and television studio he founded, merged with Paramount in 2025.

Earlier this year, the company also emerged ahead of Netflix in the bidding race for Warner Bros.