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3d ago

Paramount Skydance Sets 20-Film Strategy, Elevates Star Trek and Top Gun

After finalizing the Skydance merger, Paramount’s leaders plan a dramatic ramp-up of theatrical releases to support major franchises before renewing focus on streaming series.

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© Paramount
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Overview

  • The Skydance acquisition closed in early August, installing David Ellison as majority owner and CEO alongside new studio chiefs Josh Greenstein, Dana Goldberg, Jeff Shell, Cindy Holland and George Cheeks.
  • Paramount’s new regime aims to boost annual theatrical output to 15–20 films, up from a recent average of 11–14, with flexible release windows tailored to each title.
  • Star Trek has been named a company-wide priority with two feature films in early development—one origins story directed by Toby Haynes and a Captain Kirk–Spock sequel—while television episodes remain based at CBS Studios under unified planning.
  • Development on Top Gun 3 has resumed with Ehren Krueger scripting and studio interest in re-engaging Tom Cruise as he completes Mission: Impossible duties, and the company plans to retain full franchise upside rather than cede co-financing.
  • Paramount+ will shift its budget toward original series and live sports after securing a seven-year, $7.7 billion UFC deal, and Cindy Holland confirmed that direct-to-streaming feature films are no longer a priority.