Paramount is now a Skydance Corporation

image via The Verge

August 7, 2025, 7:35 PM

• •Skydance Media's $8 billion deal to purchase Paramount Global is complete.
• •The new company, Skydance Corporation, will be split into three units: studios, direct-to-consumer, and TV media.
• •The restructuring aims to boost efficiency and transition to a single technology platform.
• •David Ellison envisions Paramount as a 'tech-forward company' with AI-assisted translation and proprietary ad-tech stacks.
• •Paramount Plus and Pluto TV will move onto a unified technology stack next year to boost performance and cut costs.
• •The deal cleared the way for Larry Ellison, Skydance, and RedBird Capital to buy out Shari Redstone's shares in National Amusements Inc.
• •The FCC approved the merger after Skydance agreed to commitments related to diversity of viewpoints and bias in news.
• •Paramount paid $16 million to settle Donald Trump’s lawsuit, which may have contributed to CBS's decision to cancel The Late Show With Stephen Colbert.

Skydance Media finalized its $8 billion acquisition of Paramount Global, leading to a major restructuring under CEO David Ellison, who plans to divide the business into studios, direct-to-consumer, and TV media units. The aim is to enhance efficiency and integrate a unified technology platform, with an emphasis on tech-forward initiatives like AI and ad-tech. The deal's approval involved commitments to diversity and bias, following the resolution of a lawsuit with Donald Trump. Ultimately, this deal seems to have benefited some shareholders while influencing programming decisions.

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