David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount, a Skydance Corporation, the parties announced Thursday. Under Skydance, Paramount will be restructured into three divisions: studios, direct-to-consumer and TV media. In an open letter released with the deal close, Ellison, who will serve as Paramount chairman […]
Skydance Closes $8 Billion Paramount Acquisition: ‘Today Marks Day One of a New Paramount,’ David Ellison Says
Aug 7, 2025 | 7:49 AM