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A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11Paramount’s acquisition of Warner Bros. Discovery puts the DC portfolio, including Batman, and Paramount’s Teenage Mutant Ninja Turtles franchise under one corporate owner. Associated Press reported that the deal closed on October 6, 2026. What the available announcements do not show, as of October 9, 2026, is a merged game division, a new Batman game, or a shared game slate. The phrase “gaming shake-up” in the headline runs ahead of the confirmed facts.
What the deal is valued at
Paramount’s transaction announcement said it would acquire 100% of Warner Bros. Discovery (WBD) for $31 per share in cash plus a ticking fee. The announcement put WBD’s value at $81 billion in equity value and $110 billion in enterprise value. Those are different measures, and the headline figure should be labeled accordingly.
| Measure | Figure | Source and basis |
|---|---|---|
| Equity value of WBD | $81 billion | Paramount Skydance Corporation transaction announcement, 2026 |
| Enterprise value of WBD | $110 billion | Paramount Skydance Corporation transaction announcement, 2026 |
| Overall deal total including debt | $111 billion | Associated Press report, October 6, 2026 |
The $110 billion and $111 billion figures describe the same transaction on different terms; they are not competing estimates of one number. Neither figure is a gaming-market valuation or a budget for game development.
Timeline of the deal and the game announcements
| Date | Event | Source |
|---|---|---|
| June 5, 2026 | Paramount Games announces a unified Paramount Games Studio and the Teenage Mutant Ninja Turtles: The Last Ronin game | Paramount Games announcement |
| September 30, 2026 | Paramount says the merger is expected to close on October 6, subject to customary closing conditions | Paramount closing-date release |
| October 6, 2026 | The acquisition is reported as closed | Associated Press |
| October 7, 2026 | VGC publishes a roster of WB Games’ internal development teams | VGC trade report |
Who makes games under each company
Warner Bros. Games
VGC’s October 7 report lists the following WB Games development teams and their known titles. The report describes the pre-acquisition portfolio; it does not document any post-acquisition reporting lines or title assignments.
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- Rocksteady: Batman
- NetherRealm Studios: Mortal Kombat
- Avalanche Software: Hogwarts Legacy
- TT Games: LEGO titles
- WB Games Montreal and WB Games Boston: teams named in the report, with no specific titles given
Paramount Games
Paramount Games describes its June 2026 studio as a unified organization across Paramount and Skydance gaming studios. Its announcement says:
“Designed to transform world-class IP into immersive franchise experiences, the new studio includes all Paramount and Skydance gaming studios, including Skydance Interactive and Skydance New Media as distinct development teams.”
Rank #2
In that structure, Skydance Games is the publishing label, and Skydance Interactive and Skydance New Media are development teams. The company’s headline for the launch was “New Studio Combines AAA Skydance Games with Paramount’s IP to Create an Interactive Powerhouse.” The announcement covers Paramount and Skydance studios; it does not describe WB Games as part of that structure.
Teenage Mutant Ninja Turtles: The Last Ronin
This is the one confirmed game tied directly to the TMNT side of the combined portfolio.
Rank #3
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What is confirmed
- It is an announced AAA action-adventure game.
- PlatinumGames is developing it.
- Paramount says it is based on the popular Teenage Mutant Ninja Turtles comic series.
What is not confirmed
- A release date.
- Platforms.
- Preorders or a retail edition.
The announcement does not establish any of these, so the game should not be treated as available to buy.
What the merger does and does not establish
Common ownership is the confirmed change. Whether it leads to shared game work is a separate question, and the sources available as of October 9, 2026 do not answer it.
Rank #4
| Question | Status | Basis |
|---|---|---|
| Batman/DC and TMNT now share an owner | Confirmed | Transaction announcement; AP report of closing |
| Paramount Games covers Paramount and Skydance studios in one organization | Confirmed | Paramount Games June 5, 2026 announcement |
| WB Games and Paramount Games have been combined operationally | Not established | No source documents it |
| A new Batman game has been greenlit | Not established | No source documents it |
| A shared game slate or crossover game is planned | Not established | No source documents it |
| Changes to staffing, investment, release schedules, or franchise strategy | Not established | No source documents it |
The WB Games studio list describes existing teams. It is background on the portfolio, not evidence of a new combined plan.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Signs that would confirm integration
Readers should treat the following as the kinds of announcements that would change the picture. Each would need to come from the companies or from direct reporting, not from inference about the deal’s size.
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- An official statement that WB Games and Paramount Games share a reporting line, leadership, or studio structure.
- A named Batman or DC game with a development team and platform details.
- A release schedule or project list that places WB Games and Paramount Games titles under one plan.
- Reported staffing or investment changes at named studios, attributed to the company or a credible outlet.
Until one of these appears, the accurate description of the deal for games is common ownership of a Batman portfolio and a TMNT portfolio, with the Last Ronin game as the only announced project in the Paramount Games line.
Quick Recap
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