David Ellison officially takes over as CEO of Skydance, the new mega merger combining Paramount and Warner Bros.

New Hollywood era begins with an epic mega merger between Paramount and Warner Bros.

David Ellison officially takes over as CEO of Skydance, the new mega merger combining Paramount and Warner Bros. Discovery

David Ellison officially takes over as CEO of Skydance, the new mega merger combining Paramount and Warner Bros. David Becker/Getty Images for CinemaCon

David Becker/Getty Images for CinemaCon

LOS ANGELES — A new era in Hollywood is set to begin with a new media conglomerate called Skydance.

David Ellison’s long-anticipated — and long-feared — deal to consolidate Paramount-Skydance and Warner Bros. Discovery is expected to close Tuesday. The $111 billion merger faced months of public

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