Skydance outlines its $6 billion in planned cost savings. Here's the breakdown

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Skydance is pulling back the curtain on how it plans to achieve at least $6 billion in cost savings in the next three years. "By combining two global streaming services, two film and TV studio groups, two television portfolios, and overlapping corporate functions, we can reduce duplicative spend across an expense base of more than $50 billion," the company wrote in a letter to shareholders Monday as part of Paramount Skydance's third-quarter earnings release. Skydance, the newly formed combination of Paramount Skydance and Warner Bros. Discovery, said it projects at least $2.