US EditionHow The World’s Second-Richest Person And His Son Pulled Off The $8 Billion Paramount Deal
UNITED STATES, JUL 28 – The $8 billion merger will create Paramount Skydance Corp. led by Skydance CEO David Ellison after regulatory approval and key concessions including a $16 million Trump lawsuit settlement.
- The $8 billion merger between Skydance Media and Paramount Global is set to close on August 7, 2025, consolidating their entertainment operations.
- This merger followed months of regulatory scrutiny and required key concessions, including voting rights adjustments favoring David Ellison with 50% control and Larry Ellison holding 27.5%.
- David Ellison will assume the CEO role at Paramount overseeing a vast media empire with over 1,200 films and major franchises, while Josh Greenstein, formerly of Sony, will join the leadership team in an undefined capacity.
- Skydance incurred a $54 million loss in 2023 but promised programming diversity and anti-bias measures as part of the FCC-approved deal, which also resolved a $16 million lawsuit involving Paramount and President Trump.
- The merger’s completion implies a significant Hollywood power shift with the Ellisons positioned as a dominant duo controlling production, distribution, and streaming platforms under Paramount Skydance.
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Billionaire investors Mario Gabelli on media landscape, regulatory environment and M&A outlook
Mario Gabelli, GAMCO Investors chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, state of the media landscape, M&A outlook, his thoughts on Skydance's merger with Paramount, future of Warner Bros. Discovery, world of sports investing, and more.
Paramount Global to Report Second Quarter 2025 Financial Results on July 31, 2025 - Paramount Glb (NASDAQ:PARA), Paramount Glb (NASDAQ:PARAA)
NEW YORK, July 28, 2025 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA)) announced today that it will report second quarter 2025 financial results on Thursday, July 31, 2025. The company will conduct a conference call at 4:30 p.m. (ET) to present prepared remarks. The company anticipates the close of the pending transactions with Skydance Media on August 7, 2025. Full story available on Benzinga.com
Sony’s Josh Greenstein In Talks To Join Paramount Under New Skydance
In what has been rumored for months, Sony Pictures Motion Picture Group co-president Josh Greenstein is in talks to go to the new Paramount-Skydance company in an undefined role. We heard this back over Oscar weekend that he was sitting down with buddy David Ellison, however, nothing official could happen in terms of papering a deal as the merger wasn’t tied up with a bow. Now that the FCC has cleared the merger, it’s OK for Greenstein to ente…
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