"As of Oct. 5, the last day of trading for WBD and Paramount Skydance (PSKY) on Nasdaq, Warner Bros. Discovery had a market capitalization of $77.7 billion and Paramount was around $11 billion. Today, Skydance has a market cap of under $40 billion — less than half the predecessor companies’ combined value." https://variety.com/2026/film/news/skydance-market-cap-less-than-half-warner-bros-discovery-paramount-1236913334/