Paramount Skydance is considering making a takeover offer for Warner Bros Discovery (WBD), reports The WSJ. The news comes just weeks after Skydance closed its merger deal with Paramount valued at over $8 billion. Paramount, led by chairman and CEO David Ellison, is reportedly preparing a majority cash bid for WBD that would be backed […]

Skydance Media and Paramount Global have completed their $8 billion merger, creating what they describe as a “premier standalone global media and entertainment company”, which will be known simply as ‘Paramount, a Skydance Corporation’. Paramount Class B shares will begin trading immediately on the Nasdaq Stock Market under the new ticker symbol ‘PSKY’. The close […]

Paramount’s chief content licensing officer and president of its Republic Pictures label, Dan Cohen, has confirmed he is leaving the studio as it prepares to close its merger with Skydance next week. Cohen joined the company in 2017 after spending 20 years working at Disney. In an internal memo to staff, Cohen said: “This has […]

The FCC has approved Skydance’s $8 billion (€6.8bn) acquisition of Paramount Global and its subsidiaries, including the ultimate parent company of the CBS network of owned and operated broadcast television stations, by granting a series of applications that transfer FCC licences and authorisations. Chairman Carr said: “Americans no longer trust the legacy national news media […]

The FCC ‘has engaged’ with executives at Paramount in order to discuss what will help win approval for its proposed deal to merge with Skydance Media. Conversations between FCC officials and Paramount executives involve the media company’s diversity and equity initiatives (DEI), according to the WSJ. FCC Chairman Brendan Carr has openly criticised DEI, recently […]

Paramount Global missed revenue expectations in its Q4 results as a continued decline in its cable TV unit dimmed higher-than-expected subscriber growth for its Paramount+ streaming platform. The company, which is planning to merge with Skydance Media, reported a 5 per cent revenue increase in Q4 2024, reaching $7.98 billion (€7.67bn). However, full-year revenue declined […]

Netflix and Skydance Sports have partnered on a documentary series about the life and career of Spanish sports and tennis icon Rafael Nadal. The series will include unprecedented access with Nadal throughout his comeback to competitive play in the 2024 season after sitting out much of 2023 due to injury. The docuseries will spotlight Nadal’s […]

Paramount Global posted mixed Q3 numbers as its TV and film divisions slipped, but there was solid subscription growth and profits for streaming service Paramount+. Revenues for Q3 were $6.73 billion (€6.26bn), down 6 per cent YoY. Adjusted OIBDA was up 20 per cent at $858 million. D2C revenue was a high spot, up 10 […]

Paramount, in the process of being acquired by Skydance Media, is already initiating its plan to reduce expenses by $500 million. The first round of staff cuts took place in August. Joint CEOs George Cheeks, Chris McCarthy and Brian Robbins said that after the current round, 90 per cent of the planned staff reductions will […]

Documents filed with the FCC show that Larry Ellison, father of Skydance’s David Ellison, will take over the controlling interest from Shari Redstone. The document, obtained by The New York Times, lists Oracle founder Larry Ellison at the top of an organisational chart of the companies that will acquire the majority of Paramount’s voting interest […]