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Ellison Unveils Theatrical-First, Franchise-Focused Plan for Paramount

At a Los Angeles briefing, Paramount's new leadership unveiled a growth blueprint that shifts streaming spend to series with theatrical releases scaling toward 20 films annually.

© Paramount
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Overview

  • David Ellison assumed control after Skydance’s $8 billion acquisition, pledging long-term value creation for the merged Paramount.
  • The leadership set a goal to ramp up theatrical releases to as many as 20 films per year, focusing on high-profile franchises like Top Gun and Star Trek while retaining full tentpole profits.
  • Within hours of closing, co-chairs Josh Greenstein and Dana Goldberg secured the Timothée ChalametJames Mangold package High Side to signal a more aggressive feature slate.
  • Cindy Holland announced a shift in streaming strategy, declaring made-for-streaming movies ‘not a priority’ and committing to expand investment in episodic originals based on the Taylor Sheridan universe.
  • A seven-year, $7.7 billion deal with UFC was finalized to strengthen Paramount+’s live sports offerings and support subscriber growth.