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13h ago

Paramount Under Ellison Plans 20 Films a Year and Unified Franchise Strategy

New leadership emphasized theatrical releases as the core growth engine, framed by a streaming platform overhaul, major rights acquisitions, a $2 billion cost-savings mandate.

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Overview

  • David Ellison assumed his role as chairman and CEO after the Skydance-RedBird acquisition closed, installing a new leadership team to steer the studio.
  • Co-chairs Josh Greenstein and Dana Goldberg confirmed a plan to ramp theatrical output to 15 films in 2026 and ultimately 20 annual releases, prioritizing tentpoles such as Top Gun 3, Star Trek, World War Z and Transformers.
  • Cindy Holland outlined a unified tech infrastructure for Paramount+, Pluto TV and BET+, de-prioritizing made-for-streaming features in favor of a theatrical-first approach.
  • Paramount secured a $7.7 billion, seven-year UFC rights deal and a $1.25 billion South Park agreement to bolster its content offerings.
  • Skydance and RedBird reiterated their commitment to achieve $2 billion in cost savings, signaling further restructuring even as they pledge to retain assets like BET for long-term growth.