DC Studios' Fate Under Paramount-Warner Bros. Officially Revealed

Elijah Gonzalez·Oct 2, 2026·Source

James Gunn and Peter Safran are staying on as the heads of DC Studios

It seems there’s nothing left to stop the long-awaited Paramount and Warner Bros. merger from going through, and the first details on how this $110 billion deal will play out have come to light. On Oct. 2, Paramount CEO David Ellison announced that after the merger, the new company will be called Skydance. "We wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. — and all our extraordinary brands — to remain in the spotlight,” Ellison wrote on X.

With the merger imminent, Deadline revealed details about what the deal means for Warner Bros.' DC Studios, its superhero-focused division.

According to Deadline, James Gunn and Peter Safran, the division's current bosses, will continue in their roles after a successful meeting with Ellison. For now, it seems that there aren't any big changes on the way for DC movies and TV, which is definitely good news for fans who have been enjoying DC Studios' largely well-received output.

What is DC Studios currently working on?

James Gunn is currently working on Man of Tomorrow, a sequel to 2025’s Superman. The movie finished filming in August and is set for release on July 9, 2027. So far, two movies have been released in the recently established DC Universe (DCU). The first was Superman, which made $619.7 million and was one of Warner Bros.’ highest-grossing films of 2025. Unfortunately, this year’s Supergirl couldn’t recreate that success, as it bombed in theaters with a lackluster $126.4 million gross. The DCU will look to get back on track with Clayface, a lower-budget horror film written by genre aficionado Mike Flanagan. It’s out on Oct. 23, just in time for Halloween.

As for future projects, there’s also a Batman movie from director Andy Muschietti titled The Brave and the Bold, Swamp Thing from James Mangold, and an unnamed Wonder Woman film in development. The DCU has also released several well-received TV series, including Creature Commandos, Peacemaker, and Lanterns, which is one of the most-watched shows on television right now.

While it is encouraging to hear that the DCU will survive the early days of Skydance, many are justifiably anxious about the merger, given that the Ellison family, which has close ties to the Trump administration, now has so much leverage over an increasingly consolidated entertainment landscape.