Tag: Skydance Media

Skydance Media, Paramount Global, and National Amusements are defending their $8 billion merger against FCC petitions alleging foreign influence, ideological bias, and anticompetitive practices. They argue the claims are baseless and legally unfounded, emphasizing that Tencent’s minority stake in Skydance…

Paramount Global is restructuring its distribution teams ahead of its 2025 merger with Skydance Media, integrating streaming and TV networks distribution. The move includes layoffs and follows broader cost-cutting efforts to save $500 million annually. Key executive Jeff Shultz will…

Nielsen CEO Karthik Rao addressed the firm’s contract dispute with Paramount Global, rejecting claims of "substantial price increases" and asserting that Paramount is seeking an unsustainable 50% price cut. Rao highlighted Nielsen’s investments in upgrading its measurement tools and emphasized…

The Wrap reports that Skydance Media, led by David Ellison, has struggled financially since 2021, with losses reaching $56 million in 2023 and 40% lower year-over-year revenue in the first half of 2024. Despite being valued at $4.75 billion, Skydance…

Shari Redstone will exit the Paramount Global board in 2025 once Skydance Media and RedBird Capital acquire her company, National Amusements Inc., and merge with Paramount. The new entity, temporarily named "New Pluto Global, Inc.," will have an 11-member board…

David Ellison, Skydance CEO, will hold full voting control over the Ellison family's interests in the upcoming Skydance-Paramount merger, with the deal expected to close in mid-2025. Ellison will lead "New Paramount," with a 77.5% stake held by Ellison-controlled Pinnacle…

Jeff Schultz, Paramount Global’s chief business development and strategy officer for streaming, will depart by year-end. Schultz was instrumental in Pluto TV’s growth into a billion-dollar business and the launch of Paramount Plus, helping achieve profitability for Paramount’s streaming division.…

Former NBCUniversal CEO Jeff Shell is expected to become president of Paramount Global after its merger with Skydance Media in 2025. Shell will oversee daily operations alongside Skydance CEO David Ellison, with a focus on transforming Paramount through cost-cutting and…

Paramount Global’s "Office of the CEO," comprised of George Cheeks, Chris McCarthy, and Brian Robbins, received enhanced compensation and protections ahead of the company's merger with Skydance Media, set for 2025. The merger will create a $28 billion entity, with…

The NFL is in early talks with Skydance Media and Redbird Capital Partners about a potential sale of NFL Media, including NFL Network. Discussions also involve Paramount Global potentially acquiring the NFL’s stake in Skydance Sports, while Paramount’s merger with…