US EditionSkydance Media Announces Full Slate of Board Designees for Paramount - Paramount Glb (NASDAQ:PARA)
LOS ANGELES COUNTY, CALIFORNIA, AUG 4 – David Ellison appointed a leadership team to steer Paramount's restructuring after Skydance's $8.4 billion acquisition, ending 38 years of Redstone family control, with three divisions planned.
- Skydance Media is acquiring Paramount Global with the deal set to close on August 7, 2024, forming a new executive leadership team.
- The takeover follows Shari Redstone's family seeking a buyer amid years of cost-cutting, viewership losses, and mounting debt weakening their Hollywood empire.
- David Ellison will lead as CEO, Jeff Shell has been appointed president in charge of television operations, and Cindy Holland will oversee the streaming platforms Paramount+ and Pluto.
- The Redstone family's investment company, National Amusements, will gain $2.4 billion for its majority stake, while $1.5 billion will be allocated to reduce Paramount's debt, and job cuts are anticipated at the company.
- Paramount TV Studios, which had closed in August 2024, is being relaunched under Dana Goldberg's leadership, while its previously developed projects were transferred to CBS Studios, which continues to be the largest television production entity.
22 Articles
22 Articles
Sherry Lansing to Join New Paramount Board as Skydance Unveils 10 Directors
Skydance on Tuesday unveiled the slate of board directors who will be serving as soon as the Skydance-Paramount transaction closes on Thursday, including former Paramount chairman and CEO Sherry Lansing. In addition to Lansing, the board will include Paramount chairman and CEO David Ellison, president Jeff Shell, chief operating and strategy officer Andy Gordon, Oracle Corporation CEO Safra A. Catz, RedBird Capital Partners founder Gerry Cardina…
Skydance Media Announces Full Slate of Board Designees for Paramount - Paramount Glb (NASDAQ:PARA)
David Ellison to become Chairman of the Board Future directors comprise world-renowned, accomplished leaders from media, technology, and global business LOS ANGELES, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Skydance Media today announced the full slate of director designees for Paramount Skydance Corporation ("Paramount"). The directors will be elected and begin serving on the Paramount Board effective at the closing of the proposed merger with Paramou…
Skydance’s David Ellison shakes up Paramount leadership
David Ellison’s Skydance Media has unveiled its leadership structure for Paramount, beginning a shake-up as the Shari Redstone era winds to a close. Ellison will become chairman and chief executive of the new Paramount Skydance Corp. with a goal of reviving the legendary entertainment company. The structure will largely be decentralized with Ellison entrusting his division heads with considerable power. Skydance’s $8.4-billion takeover is schedu…
Revived Paramount TV Studios To Be Led By Matt Thunell; Will Absorb Taylor Sheridan Home MTVE, Showtime & Skydance TV; Keith Cox Staying On
Paramount TV Studios is being revived to be led by Matt Thunell and be home of Taylor Sheridan as it absorbs MTVE Studios, with Keith Cox staying on.
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