Elon Musk Invests $1 Billion in Skydance

Elon Musk has invested approximately $1 billion in Skydance, which was formed after the acquisition of Warner Bros. Discovery by Paramount on October 6, 2026. This investment aims to enhance financial flexibility as Skydance, led by co-CEOs David Ellison and Inon Kreiz, integrates Paramount+ and HBO Max while targeting $6 billion in cost savings over three years. The company is also managing a substantial debt load, and this capital injection is seen as a boost for its turnaround efforts.