Overview

• Bob Bakish received $69.3 million in severance and $86.96 million in total 2024 compensation after his April 2024 departure as Paramount Global CEO.
• Paramount's three co-CEOs—George Cheeks, Chris McCarthy, and Brian Robbins—earned multimillion-dollar pay packages in 2024, with each receiving a $6 million bonus.
• The $8 billion Paramount-Skydance Media merger, signed in July 2024, remains under FCC review, with the deal's closing deadline extended by 90 days.
• The FCC has demanded rollbacks of diversity, equity, and inclusion (DEI) programs as a condition for approving the merger, prompting Paramount to alter its DEI initiatives.
• Under co-CEO leadership, Paramount achieved $500 million in cost savings, 10 million new Paramount+ subscribers, and five No. 1 box office films in 2024.