David Ellison to Lead New Paramount After Skydance Merger

An amended FCC filing confirms David Ellison's control over the Skydance-Paramount merger, clarifying previous reports of his father Larry Ellison's involvement.

David Ellison will become the chairman and CEO of New Paramount, controlling 100% of the Ellison family's voting interests.
The merger between Skydance Media and Paramount is expected to close in the first half of 2025, creating a media-technology hybrid company.
Initial filings suggested Larry Ellison, Oracle co-founder, would control New Paramount, but revisions confirm David's leadership.
Skydance, backed by Larry Ellison and RedBird Capital, will hold a 77% stake in the merged company, with RedBird owning the remaining 22.5%.
The transaction involves the transfer of broadcast licenses for CBS and local TV stations, requiring FCC approval.

The Hollywood Reporter

Variety