Reported about 23 hours ago
Paramount Global announced it anticipates completing its $8.4 billion merger with Skydance Media by August 7, 2025, following government approval. The new entity will be named Paramount Skydance Corp, with Skydance CEO David Ellison leading the transition. He faces challenges relating to the future direction of Paramount+, the management of television assets, and budgeting for content production. The merger brings together Paramount's extensive film and TV library with Skydance’s blockbuster titles, marking a significant shift in control for the iconic media company.
Source: YAHOO