Who are Skydance Corporation's customers? Who does Skydance Corporation earn revenue from?

Revenue comes from counterparties including Paramount+ subscribers (individuals undisclosed), Comcast Corporation. Full sourced list: valuechain.wiki/paramount-skydance/customers.md

Who does Skydance Corporation pay? Who are its key suppliers?

Costs flow to TKO Group Holdings, Inc., National Football League among others. Full sourced list: valuechain.wiki/paramount-skydance/suppliers.md

Combined media group with CBS, Paramount+, HBO Max and Warner Bros.

Skydance Corporation

Paramount Skydance closed its WBD acquisition on October 6, 2026 and changed its name to Skydance. Legacy Paramount generated $6.9 billion of Q2 revenue: $3.1 billion in TV Media, $2.5 billion in direct-to-consumer and $1.3 billion in Studios. Post-merger combined results and realized synergies remain to be verified in subsequent filings.

Business categories Streaming & Entertainment · Communications & Media · primary

Other companies in the same category

Streaming & Entertainment: Warner Bros. Discovery, Inc. · The Walt Disney Company · Fox Corporation · Netflix · Live Nation Entertainment, Inc.

SKYD Updated Oct 20, 2026 6 AI consumers· 3 recurring

Per the valuechain.wiki graph, Skydance Corporation is directly linked to 3 companies (1 supply, 1 revenue, 1 investment relationships) and reaches 5 companies within two hops; the links are backed by 10 dated sources, 4 of them primary filings (as of 2026-10-20).

Annual return · 2026-10-20'21-17.2%'22-41.8%'23-10.4%'24-28%'25+30%YTD-46.4%

Money in ▸Paramount+ subscribers (individuals undisclosed)●Count 81,600,000 subscribersComcast Corporation●

Skydance Corporation$6.9B legacy Paramount revenue in Q2 2026, excluding WBD acquired later

▸ Money outTKO Group Holdings, Inc.●Amount 1,100,000,000 USD/yearNational Football League●

Financials & Segments

Total revenue · $6.9B legacy Paramount revenue in Q2 2026, excluding WBD acquired later
Customer concentration · Subscriptions, advertising, pay-TV distribution, box office and licensing. WBD assets were acquired October 6 and are excluded from Q2
Segments · TV Media · Direct-to-Consumer · Studios

Revenue from

Paramount+ subscribers (individuals undisclosed) High confidence· Count 81,600,000 subscribers · 2026 Q2 · Global Paramount+ subscribers; distinct from DTC revenue
Monthly subscriptions contribute to DTC revenue. Paramount+ had 81.6 million subscribers at Q2 2026; the segment's $2.5 billion revenue also includes advertising.
Confirms EN U.S. Securities and Exchange Commission Published Aug 4, 2026: Paramount Q2 2026 Shareholder Letter
Confirms EN U.S. Securities and Exchange Commission Published Aug 4, 2026: Paramount Skydance Q2 2026 Form 10-Q
Comcast Corporation High confidence
Comcast Xfinity distributes CBS, MTV, Nickelodeon and other Paramount channels; counterparty-specific receipts are undisclosed.
Confirms EN U.S. Securities and Exchange Commission Published Aug 4, 2026: Paramount Skydance Q2 2026 Form 10-Q
Confirms EN Paramount Published Jan 7, 2025: Paramount and Comcast announce multi-year distribution agreements

Pays to

TKO Group Holdings, Inc. High confidence· Amount 1,100,000,000 USD/year · 2026-2032 average · Average annual value of exclusive U.S. UFC rights
Exclusive U.S. UFC rights run seven years from 2026; the $7.7 billion contract averages $1.1 billion annually and is back-end weighted.
Confirms KO UFC Korea Published Oct 31, 2025: Expansion of the Paramount partnership
Confirms EN Axios Published Aug 12, 2025: Axios Media Trends: Streaming's Profit Era
Confirms EN U.S. Securities and Exchange Commission Published Aug 11, 2025: Paramount and TKO UFC media rights agreement
National Football League High confidence
CBS and Paramount+ pay for NFL broadcast rights. No counterparty-specific amount is assigned without a verified current filing.
Confirms EN U.S. Securities and Exchange Commission Published Aug 4, 2026: Paramount Skydance Q2 2026 Form 10-Q
Confirms EN NFL Published Mar 18, 2021: NFL announces broadcast deals including CBS

Investments

Warner Bros. Discovery, Inc. High confidence· Amount $78B · closing 2026-10-06 · Aggregate WBD common-stock merger consideration, excluding assumed debt
Skydance completed the WBD acquisition on October 6, 2026. Aggregate common-share consideration was about $78 billion, distinct from enterprise value including debt.
Confirms KO EBN Published Oct 12, 2026: Shinsegae invested KRW 1.36tn as Paramount closed WBD acquisition
Confirms EN U.S. Securities and Exchange Commission Published Oct 6, 2026: WBD Form 8-K: merger completion
Confirms EN Skydance Investor Relations Published Oct 6, 2026: Paramount completes Warner Bros. Discovery acquisition

Value-chain ripple (2 tiers)

Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.

Company	Chain	'21	'22	'23	'24	'25	YTD
Alphabet (Google)	lead2	+65.3	-39.1	+58.3	+36	+66	+8.3
Trade Desk (The)	lead2	+14.4	-51.1	+60.5	+63.3	-67.7	-68.2
Comcast Corporation	lead1	-2.2	-28.7	+29.1	-11.8	-17.3	-22.3
Skydance Corporation	node	-17.2	-41.8	-10.4	-28	+30	-46.4
Warner Bros. Discovery, Inc.	benef1	-21.8	-59.7	+20	-24.9	·	+262
TKO Group Holdings, Inc.	benef1	+3.6	+39.9	+23.9	+74.2	+48.9	-10.3

YTD as of 2026-10-20 · source: Yahoo Finance

The Paramount predecessor fell 10.4% in 2023 and 28% in 2024, then rebounded 30% in 2025. Skydance (SKYD) was down 46.4% year to date through October 20, 2026. A share-price gain has not propagated from UFC rights seller TKO to buyer Skydance. UFC rights average $1.1 billion annually, while Paramount+ had 81.6 million subscribers and $2.5 billion of DTC revenue in Q2 before WBD acquisition financing. WBD’s 262% pre-closing rise converged on a fixed cash offer and its shares were then delisted. E-mart’s U.S. subsidiary disclosed $1 billion for 100% of a Cayman investment vehicle. Skydance’s ultimate share count and direct economic ownership from that vehicle are undisclosed. Shinsegae Hwaseong’s 2024 Paramount theme-park licence is a separate contract. A Warner IP licence and incremental retail sales remain unverified.

Analysis generated from returns as of 2026-10-20

Key Q&A

Who are Skydance Corporation's customers? Who does Skydance Corporation earn revenue from?: Revenue comes from counterparties including Paramount+ subscribers (individuals undisclosed), Comcast Corporation. Full sourced list: valuechain.wiki/paramount-skydance/customers.md
Who does Skydance Corporation pay? Who are its key suppliers?: Costs flow to TKO Group Holdings, Inc., National Football League among others. Full sourced list: valuechain.wiki/paramount-skydance/suppliers.md
If Skydance Corporation moves, who benefits? How far does the value-chain ripple reach?: Per the valuechain.wiki graph, Skydance Corporation is directly linked to 3 companies (1 supply, 1 revenue, 1 investment relationships) and reaches 5 companies within two hops; the links are backed by 10 dated sources, 4 of them primary filings (as of 2026-10-20).

Analyses covering this node

Clocks that haven't run and clocks that ran hardest Jul 5, 2026

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