In Brief

Posted:

10:36 AM PDT · October 22, 2026

Image Credits: Benjamin Fanjoy / Getty Images

Elon Musk has invested approximately $1 billion in the newly formed media company Skydance, according to a new report from Semafor . News of the investment comes a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery to create the combined company.

Co-CEOs David Ellison and Ynon Kreiz are tasked with bringing together two major streaming platforms, Paramount+ and HBO Max, along with a portfolio of networks, including CBS, CNN, MTV, TBS, Comedy Central, and Food Network, under a single corporate umbrella.

Semafor reports that Musk’s investment was made around the same time as equity contributions from other Skydance investors, including board member Laurene Powell Jobs.…