大卫·埃里森旗下的派拉蒙天空之舞已完成对华纳兄弟探索的收购，将好莱坞最具传奇色彩的两大传统电影制片厂纳入一个名为“天空之舞”的庞大媒体与娱乐巨头旗下。
David Ellison’s Paramount Skydance has completed its acquisition of Warner Bros. Discovery, bringing two of Hollywood’s most storied legacy film studios under one mammoth media and entertainment conglomerate named Skydance.
如今，天空之舞必须决定如何充分利用这批娱乐资产，其中包括 HBO Max 和 Paramount+ 视频流媒体服务、涵盖《星际迷航》《芭比》《壮志凌云》《哈利波特》和《超人》的片库，以及 CNN 和 CBS 新闻两大新闻机构。
Now, Skydance must decide how to make the most out of a trove of entertainment assets, including the HBO Max and Paramount+ video streaming services, a film library that includes “Star Trek,” “Barbie,” “Top Gun,” “Harry Potter,” and “Superman,” and two major news organizations, CNN and CBS News.
所有业务均在埃里森及其新联席首席执行官伊农·克雷兹的领导下运营。以下从数字角度解读这家新公司：不含债务的情况下，派拉蒙收购华纳的成本。天空之舞去年以 80 亿美元收购了派拉蒙。据晨星数据，天空之舞收购两大电影制片厂后的预估净债务。
All are under the direction of Ellison and his new co-CEO Ynon Kreiz. Here’s a look at the new company, by the numbers:How much it cost Paramount to buy Warner, excluding debt. Skydance acquired Paramount last year for $8 billion. Skydance’s estimated net debt following its acquisition of the two movie studios, according to Morningstar.
华纳首席执行官大卫·扎斯拉夫的“黄金降落伞”，即现在合并完成后他将获得的薪酬包。根据三月份的一份监管文件，华纳兄弟为该高管的遣散费、股票奖励和医疗保障估值。
Warner CEO David Zaslav’s “golden parachute,” or compensation package, that he is set to receive now that the merger is closed. This is the value Warner Bros. assigned to the executive’s severance, stock awards and health coverage in a March regulatory filing.
这一薪酬包约为《挖掘者》（Digger）——华纳作为独立制片厂的最后一部电影——上周末国内票房收入的 68 倍。
The compensation package is about 68 times more than “Digger,” Warner’s last movie as a standalone studio, brought in domestically this past weekend.
HBO Max 基础套餐（含广告）的月费。Discovery+ 含广告月费为 5.99 美元，Paramount+ 含广告的基础套餐月费为 8.99 美元。各服务的无广告套餐费用更高。
What you will pay monthly for HBO Max’s basic plan, which includes ads. The cost of an ad-supported monthly subscription to Discovery+ is $5.99, while the Paramount+ ad-supported Essential plan costs $8.99 a month. The subscription costs increase for each of the services’ ad-free plans.
天空之舞称，收购华纳兄弟探索后，其年收入达到这一数字。据 FactSet 数据，合并前，派拉蒙天空之舞和华纳截至 6 月止的 12 个月合并营收为 653 亿美元。周一合并完成前，华纳兄弟探索的市值。
What Skydance says its annual revenue now is following its acquisition of Warner Bros. Discovery. Prior to the merger, Paramount Skydance and Warner had a combined revenue of $65.3 billion for the 12 months ended in June, according to FactSet. The market cap for Warner Bros. Discovery as of Monday, before the merger closed.
这一数值大约是派拉蒙天舞公司同日市值的七倍。这是埃里森承诺合并后的新公司在头两年内每年将发行的电影数量；此后三年这一数字将增至32部。埃里森是在与12个试图阻止此次并购的州达成和解协议时作出此承诺的。根据尼尔森的数据，今年7月，派拉蒙与华纳兄弟探索集团旗下的有线电视、地面电视及流媒体平台所占据的电视收视份额占比情况。
That is about seven times greater than what Paramount Skydance’s market capitalization was on the same day. Number of movies Ellison promised the combined studios would release per year in the first two years after the merger. The number rises to 32 in the three years after that. Ellison made the promise as part of a settlement with 12 states that sued to block the merger. Share of total TV viewing that cable, broadcast and streaming properties owned by Paramount and Warner Bros. Discovery accounted for in July, according to Nielsen.