Tag: Skydance Media

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…

Paramount Global has ended its audience measurement contract with Nielsen due to disagreements over price increases, which Paramount considers unreasonable given the industry's shift toward digital and multi-platform viewing. To maintain ad tracking, Paramount plans to use alternatives like VideoAmp…

Paramount Advertising has been hit by layoffs as part of Paramount's broader plan to cut 15% of its U.S. workforce, aimed at saving $500 million annually. The cuts, which impact ad sales teams across various platforms like CBS, MTV, and…

The LA Times examines how the entertainment industry is grappling with the aftermath of the shift to streaming. Summer 2024 box office revenues are down 10%, totaling $3.7 billion, a significant drop from pre-pandemic levels. Pay-TV is collapsing, with Paramount…

Edgar Bronfman Jr. withdrew his $6 billion bid for Paramount, clearing the way for Skydance Media to complete an $8 billion merger deal with the media company. Bronfman’s bid faced significant financial scrutiny and tight deadlines, which ultimately led to…

Edgar Bronfman Jr., former Warner Music Chairman, is reportedly pursuing a takeover of National Amusements, the largest shareholder of Paramount Global. Bronfman is seeking financial backing from Fortress Investment Group, Roku, and producer Steven Paul. He may submit an offer…