Goodbye Warner, hello Skydance: how will the major merger really impact Hollywood?

After a windier road than expected, Paramount and Warner are now one, under the banner of Skydance, and the film industry is set for a shake-up Hollywood’s big five have officially become the big four. Following a twist-filled saga that saw the century-old studio Warner Bros nearly acquired by the streaming giant Netflix, only to be outbid by Paramount owners Skydance, the company led by billionaire scion David…