US EditionSkydance to lead Paramount merger
LOS ANGELES COUNTY, CALIFORNIA, AUG 5 – The $8.4 billion merger creates a unified media company led by Skydance with a restructured board and executive team to revive Paramount amid streaming-driven industry changes.
- David Ellison's Skydance Media completed its $8.4 billion acquisition of Paramount Global on August 7, 2024, forming a merged entertainment company.
- The merger followed Paramount's board approval in July 2024 and Federal Communications Commission clearance two weeks prior after months of regulatory review.
- The new 10-member board, reconstituted with the merger's close, includes five Ellison designees, Oracle CEO Safra A. Catz, and two RedBird Capital representatives backing Skydance.
- David Ellison emphasized that the exceptional team assembled is prepared to meet the challenges ahead, aiming to blend creative and technical expertise to fully realize Paramount's potential.
- The merger brings popular series such as Yellowstone and Reacher together under one company and is anticipated to boost Paramount’s finances by $1.5 billion, aiding in debt reduction amid significant leadership changes.
13 Articles
13 Articles
Paramount Skydance’s Streaming Chief Cindy Holland Hires Ex-Netflix Execs Jane Wiseman, Efrain Miron for Key Roles
Cindy Holland, the incoming head of streaming for the merged Paramount-Skydance, is bringing on two former colleagues -- Jane Wiseman and Efrain Miron -- whom she worked with at Netflix and production company Sister for key management roles.
New Paramount Adds Don Granger, Kevin MacLellan, Rebecca Mall to Executive Ranks
New Paramount continues to build its leadership team with another ten executives added ahead of Thursday’s closing of the $8 billion Skydance merger. TheWrap previously reported that Skydance Television’s Matt Thunell will oversee Paramount Television Studios as president and that former Netflix and Sister executives Jane Wiseman and Efrain Miron would join Cindy Holland’s direct-to-consumer team. Wiseman has been named head of originals, while …
Skydance to lead Paramount merger
Skydance Media CEO David Ellison will lead the new company as chief executive after its merger with Paramount Global is completed by August 7, the independent studio said on Monday, reported Reuters. After the deal closes, the company is expected to be structured into three primary business segments — studios, direct-to-consumer and TV media. Former NBCUniversal chief executive, Jeff Shell, will become president of Paramount, overseeing day-to-d…
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