Skydance Corporation (SKYD)

Skydance operates in three global business segments: TV media, studios, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, CNN, TBS, TNT, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists of multiple film studios, most importantly Warner Bros., HBO, and Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes the HBO Max, Paramount+, Pluto TV, and BET+ streaming services. Much of the content on Paramount’s streaming platforms is created by the production studios housed within the firm’s other two business segments.

Skydance operates in three global business segments: TV media, studios, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, CNN, TBS, TNT, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists of multiple film studios, most importantly Warner Bros., HBO, and Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes the HBO Max, Paramount+, Pluto TV, and BET+ streaming services. Much of the content on Paramount’s streaming platforms is created by the production studios housed within the firm’s other two business segments.

Skydance Corp. is a worldwide media entertainment company. Paramount Global merged into Skydance Media on August 7, 2025 and Warner Bros. Discovery merged into Skydance on October 6, 2026. The publicly held Class B shares trade under the ticker symbol SKYD and have no voting rights. An investor consortium led by the Ellison family and private-equity firm RedBird Capital Partners holds 100% of the voting rights in the company. Skydance produces and distributes television and cable programming over its direct-to-consumer streaming services, cable, and free-to-air networks, including the flagship CBS broadcast network; and feature films through theatrical distribution. The company's businesses and trademarks include Paramount, Warner Bros., HBO, studio operations, and television distribution assets.

On Wednesday, the mega-cap indices were pressured early, as further weakness in the bond market led to some anxious moments when the 10-year hit another high of 5.36%. Yields then settled down, however, and the major indices ended with only minor losses. Still, smaller stocks were weak by the close, with the S&P MidCap 400 down 1.6% and the S&P SmallCap 600 off 1.3%. These smaller-cap indices are trying to bottom, but both were turned back at initial resistance levels. The U.S. Dollar Index (USD $102.30) continues its strong rally, as the greenback has risen almost 4% since its intraday low on September 9. More importantly, the greenback broke out of a major base that started back in April 2025 and ran from $95.60 to $101.80. A measured move based on the size of the range targets the $106-$108 region. A 50% retracement of the bear market from January 2025 until January 2026 sits near $103, while a key 61.8% take-back targets $104.50 Both gold and silver are correlated very negatively with the dollar, last peaking almost exactly when USD bottomed in early 2026. GLD and SLV remain in severe drawdowns, and their recent weakness has aligned closely with dollar strength. The metals are approaching their bear-market lows hit a few months ago. The Commitments of Traders data remains negatively positioned and nowhere near the bullish levels seen in 2022/2023, when the bull market for metals started to percolate. Crypto has been hurt by dollar strength in the past but is holding up this time. Bitcoin has pulled back in recent days, but remains in an intermediate-term uptrend.