Skydance-Paramount Merger to Reshape Leadership and Streamline Operations

David Ellison plans major restructuring, including potential consolidation of TV networks, as $8 billion merger nears completion.

The $8 billion Skydance-Paramount merger is expected to close in early 2025, pending regulatory approval, with no major hurdles anticipated under the current administration.
David Ellison, Skydance Media CEO and incoming head of the merged company, is reportedly planning to consolidate Paramount's TV networks, including CBS and MTV, into a single unit.
Paramount's three-headed CEO structure may be dismantled, with George Cheeks likely to remain, while Brian Robbins is expected to exit and Chris McCarthy's future remains uncertain.
Ellison is also exploring cost-cutting measures, including potential staff reductions and reduced original programming for cable networks, as part of broader efficiency efforts.
Skydance's Dana Goldberg and former Netflix executive Cindy Holland are rumored to take on key leadership roles in the film and streaming divisions post-merger.