Skydance is about to give film and television separate addresses in Los Angeles. After closing its merger with Warner Bros. Discovery, the combined company will keep both the Paramount and Warner Bros. lots for at least five years, as required by the settlement with state attorneys general. The question was never whether the two historic Hollywood properties would stay open, but how Skydance would use them.
The split
Speaking Tuesday on the Paramount lot, Skydance CEO David Ellison said the answer is specialization.
“We absolutely will keep both lots, and you’ll probably see us organize film on one, television/streaming on another.”
Ellison did not say which lot would take which format. But the geography points one way. Warner Bros. in Burbank is significantly larger than the Hollywood-based Paramount lot, making it the likely home for television and streaming. Paramount, with its iconic arches and status as the last of the major studios still based in Hollywood, would remain the natural base for film.
What changes for teams
The move would let some leaders stay put. Motion picture co-chairs Dana Goldberg and Josh Greenstein are already based at Paramount. Warner Bros. Television Group head Channing Dungey is already at Warner Bros.
For others, it means a cross-town shift: George Cheeks, JB Perrette, Casey Bloys, CBS Studios president David Stapf and Paramount TV Studios president Matt Thunell would all likely relocate, along with their teams.
- CBS Entertainment, CBS Studios and CBS Media Ventures would return to a studio lot for the first time since leaving CBS Studios Center in 2022.
- Streaming teams now scattered across HBO Max, Paramount+ and Nickelodeon locations could consolidate into one operating base.
- The direct-to-consumer division could land at the Warner Bros. Second Century Development, where HBO had planned to move before the WBD sales process paused it.
Why it matters
This is not just an office plan. For the first time, the combined company is signaling how it will run two overlapping content businesses under one roof. Putting TV and streaming operations in one physical hub should reduce coordination costs and make shared pipeline decisions faster — an advantage when Skydance is trying to bundle and cross-promote Paramount+ and HBO Max programming to advertisers and subscribers.
For media buyers, the practical takeaway is to watch for tighter cross-platform pitches, a more unified streaming bundle, and an easier path for co-productions once the TV and direct-to-consumer teams share a campus.
Source: Deadline
