Overview
- The $8.4 billion merger closes on August 7, transferring control from National Amusements to Skydance Media and RedBird Capital Partners and ending 38 years of Redstone stewardship.
- A 10-member board will take effect at closing, chaired by David Ellison and including Sherry Lansing, Safra Catz, Gerry Cardinale, Justin G. Hamill and independent director Barbara Byrne.
- Operations are structured across three segments: film under co-chairs Dana Goldberg and Josh Greenstein, TV Media led by George Cheeks, and direct-to-consumer streaming headed by Cindy Holland.
- Paramount Television Studios will be revived under Matt Thunell, merging Skydance Television with Showtime/MTV Entertainment Studios to consolidate scripted production.
- Additional senior hires span key functions: Don Granger in motion pictures, Kevin MacLellan in global distribution, Rebecca Mall in franchise marketing, Kevin Creighton in finance, Tony Driscoll in strategy, Jose Turkienicz in operations and Laura Watson in corporate communications.