Warner Bros. Water Tower Rebranded Following Skydance Merger

The iconic Warner Bros. water tower in Burbank has received a new look, now branded with "A Skydance Corporation," following the official closure of the $81 billion merger between Paramount and Warner Bros. Discovery. The combined media giant has been named Skydance by CEO David Ellison, who founded the production company in 2006.

Pictures emerging after the announcement show workers updating the signage on the water tower, a prominent feature of the Warner Bros. lot for nearly a century. The 133-foot tower, originally built in 1927, could hold 100,000 gallons of water. It was relocated after the 1933 Long Beach earthquake due to concerns about its stability and potential disruption to emergency services.

The water tower has been a visual element in numerous Warner Bros. productions, notably featuring in the 1990s animated series "Animaniacs." For decades, it bore the Warner Bros. shield and initials.

This rebranding echoes a similar change at Paramount Pictures. Their water tower, also built in 1927, was similarly updated last year to read "A Skydance Corporation" after Ellison's acquisition of Paramount Global in August 2025.

The newly formed Skydance company encompasses a wide range of assets, including two historic film studios, streaming services HBO Max and Paramount+, news outlets CNN and CBS News, live sports channels like CBS Sports and TNT Sports, and an extensive film library. The company projects nearly $70 billion in revenue and anticipates generating over $10 billion in free cash flow by 2030.

The merger's completion followed the settlement of an antitrust lawsuit filed by California Attorney General Rob Bonta and other state attorneys general. They had raised concerns that the deal could stifle competition, increase consumer prices, limit choices, and negatively impact workers. Ellison addressed these concerns by committing to an additional $1.5 billion in domestic production over five years and pledging to release 30 high-quality theatrical films annually.

Prior to the antitrust challenges, Paramount was involved in a competitive bidding war for Warner Bros. Discovery, initially accepting an offer from Netflix. However, Paramount's revised offer, which included a substantial "ticking fee" to be paid daily if the deal extended past a certain date, ultimately prevailed in February. The merger, which concluded on Sunday, was four days past its deadline, raising questions about whether Ellison will incur the associated penalty fees.