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4h ago

Paramount Skydance Sets 20-Film Annual Slate Under David Ellison

The new regime plans to boost theatrical output to 20 films annually, overhaul Paramount+ to commission external projects rather than produce streaming-only movies, preserve its cable networks

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© Paramount
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Overview

  • Skydance Media and RedBird Capital Partners completed their takeover of Paramount in early August and installed David Ellison as chairman and CEO with a restructured C-suite.
  • Paramount’s leadership aims to ramp its theatrical slate from about a dozen releases to 15 films quickly and as many as 20 per year, prioritizing big-budget tentpoles.
  • Top Gun 3 and multiple Star Trek feature projects have been designated top studio priorities under a unified film and television approach.
  • Cindy Holland will lead Paramount+ in buying content from third-party studios and de-emphasizing direct-to-streaming feature films.
  • Paramount will retain and invest in legacy cable brands like Nickelodeon, MTV and BET while keeping full upside on major tentpoles rather than relying on extensive co-financing.