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Games & Commerce

Paramount+ and HBO Max complete 147.4 trillion won mega-merger, Skydance launches

Skydance plans to combine HBO Max, Paramount+ and Discovery+ into a single streaming service after completing its $110 billion acquisition of Warner Bros Discovery. The newly launched company is named Skydance and said it will merge the services over time, without disclosing a schedule, name or pricing. CEO David Ellison has pushed the idea and stressed HBO will operate independently. The deal brings major studios, networks and key intellectual property under one company.

Industry

Moderna jumps nearly 7% ahead of Nasdaq 100 inclusion; Citi warns of \'sell\'

Moderna shares jumped nearly 7% ahead of its scheduled inclusion in the Nasdaq 100 before the market opens on Oct. 9, closing at $203.21. The stock neared its 52-week high after rising to $205.77 intraday. Tokenised shares also gained, though they trade separately from Nasdaq hours. Moderna began management changes, with COO Juan Andres returning to a newly created role and CTO and quality chief Jerh Collins retiring. Citi downgraded the stock to sell.

Games & Commerce

Shinsegae to invest $1 billion in Warner Bros acquisition

Shinsegae Property will invest $1 billion in the acquisition of Warner Bros, the company said on Monday, joining as an investor in a deal being pursued by Paramount. Shinsegae Group said it aims to use Hollywood content as a new growth engine and expand its portfolio into global content. It also plans to use intellectual property at offline sites, explore cooperation with HBO Max and Paramount Plus, and pursue joint content production over the long term.