Entertainment briefing

Paramount Skydance moves stock to the NYSE and sets warrant dates as Warner Bros. Discovery deal awaits final sign-off

Paramount Skydance said in an SEC filing it will switch its listing from Nasdaq to the New York Stock Exchange in early October and set dates for about 470 million warrants tied to its $111 billion Warner Bros. Discovery merger. The closing date is still uncertain as a judge reviews a settlement with state attorneys general.

By US Brief desk · Updated 2026-09-26T17:43:00-07:00

The Melrose Gate entrance to the Paramount Pictures studio lot in Hollywood (file photo)

Editor’s note: Listing and warrant dates come from Paramount Skydance's Sep 25, 2026 SEC filing as reported by Variety (Todd Spangler); the company itself says the merger's closing timing, 'if any, is not yet certain.' State AG settlement terms and the WGA settlement are from Deadline (Nellie Andreeva and Katie Campione, Sep 21) and the WGA's statement. Dates labeled 'around' are approximate as described in the filing coverage.

Paramount Skydance is laying the plumbing for its $111 billion takeover of Warner Bros. Discovery, even as the deal's final approval remains in a judge's hands.

What happened: In a Sep 25 filing with the Securities and Exchange Commission, Paramount Skydance said it will move its PSKY shares from Nasdaq to the New York Stock Exchange, Variety reported. Trading on Nasdaq is expected to end around Oct 5, with NYSE trading beginning around Oct 6. The company also set Oct 5 as the record date for roughly 470 million warrants, which are expected to begin trading Oct 13 with an exercise price between $12 and $16.02. The warrants are contingent on the merger closing, and the filing said the timing of that closing, 'if any, is not yet certain.'

Where approvals stand: A group of 12 Democratic state attorneys general reached a settlement with the companies, but a judge is still reviewing it. The parties must respond by Sep 28 to Sen. Cory Booker's request for an independent review. According to coverage of the settlement, the combined company would commit to releasing 30 films a year for two years and 32 a year for three more, face a $30 million penalty if it falls short, and divest Miramax.

Labor: The Writers Guild of America settled its own lawsuit over the deal on Sep 21. Deadline reported the agreement bars writer layoffs at CBS News Broadcast for five years and includes $17.5 million for the guild's health fund plus attorneys' fees.

Why it matters: The combination would put Paramount, CBS, Warner Bros. studios, HBO and CNN under one roof. The theatrical-output commitments matter to cinema owners worried about fewer films, and the timing matters to shareholders: a ticking fee of $7 million per day begins Oct 1 if the deal has not closed. Separately, Warner Bros. Discovery is delisting its euro-denominated notes.

Uncertainty: The court could approve, modify or reject the attorneys' general settlement, and the Booker request could add delay. None of the listing or warrant steps guarantee a closing date.

What's next: Watch the Sep 28 court filings, the judge's ruling on the settlement, the Oct 1 ticking-fee trigger and the Oct 5–6 exchange switch.

Method note: US Brief digests are AI-assisted from the US Brief desk. We synthesize reputable reporting with cited sources; we do not invent quotes, figures, or forecasts.

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Paramount Skydance moves stock to the NYSE and sets warrant dates as Warner Bros. Discovery deal awaits final sign-off

Paramount Skydance said in an SEC filing it will switch its listing from Nasdaq to the New York Stock Exchange in early October and set dates for about 470 million warrants tied to its $111 billion Warner Bros. Discovery merger. The closing date is still uncertain as a judge reviews a settlement with state attorneys general.

By US Brief desk · Updated 2026-09-26T17:43:00-07:00

AI-assisted digests from the US Brief desk. Synthesizes reputable reporting with cited sources; not a wire service. Corrections welcomed.

The Melrose Gate entrance to the Paramount Pictures studio lot in Hollywood (file photo)

Paramount Skydance is laying the plumbing for its $111 billion takeover of Warner Bros. Discovery, even as the deal's final approval remains in a judge's hands.

What happened: In a Sep 25 filing with the Securities and Exchange Commission, Paramount Skydance said it will move its PSKY shares from Nasdaq to the New York Stock Exchange, Variety reported. Trading on Nasdaq is expected to end around Oct 5, with NYSE trading beginning around Oct 6. The company also set Oct 5 as the record date for roughly 470 million warrants, which are expected to begin trading Oct 13 with an exercise price between $12 and $16.02. The warrants are contingent on the merger closing, and the filing said the timing of that closing, 'if any, is not yet certain.'

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