Overview

• The $8 billion deal closed August 7 after more than a year of negotiations and regulatory review, officially creating Paramount, a Skydance Corporation trading as PSKY.
• David Ellison took on the roles of chairman and CEO and installed former NBCUniversal chief Jeff Shell as president.
• The business is organized into three units—studios, direct-to-consumer and TV media—to accelerate decision-making and streamline operations.
• The FCC’s July 24 approval hinged on a $16 million settlement with President Trump over a “60 Minutes” lawsuit and the appointment of a CBS News ombudsman to address bias complaints.
• Ellison has pledged to achieve at least $2 billion in cost synergies by moving the entire company onto a unified technology platform beginning in 2026.