News

Shari Redstone’s Short & Sweet-ish Paramount Exit Memo As Skydance Takes Over Thursday: “It Is Not Easy To Step Away”
Just hours before David Ellison and the new regime at Paramount formally take over, Shari Redstone had a final message today ...
Shari Redstone’s Farewell Message to Paramount Employees: ‘I Will Be Cheering for You, Always’
Paramount Global chair Shari Redstone sent a memo to staffers expressing her gratitude for their work -- and shared optimism ...
Shari Redstone Highlights Paramount+ Growth and CBS Ratings ‘Wins’ in Skydance Merger Exit Letter
Shari Redstone bid farewell to Paramout ahead of the company's merger with Skydance, highlighting the Paramount+'s growth and ...
Inside the first day of Paramount’s new regime under David Ellison
Ellison spoke with CBS journalists on his first day, acknowledging the stresses of the past year and touting the importance ...
Skydance Closes $8 Billion Paramount Acquisition: ‘Today Marks Day One of a New Paramount,’ David Ellison Says
David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount ...
Paramount is now a Skydance Corporation
It’s official: Skydance Media’s deal to purchase CBS parent company Paramount Global for $8 billion is complete, and incoming ...
Paramount Skydance board to include David Ellison, Sherry Lansing, Oracle’s Safra Catz
Former Paramount Pictures chairwoman Sherry Lansing and Oracle Chief Executive Safra A. Catz join David Ellison on Paramount ...
RedBird Capital’s $2 billion power play: Meet Gerry Cardinale, the private equity kingmaker behind the Paramount–Skydance deal
Private equity firms have been making moves in Hollywood for some time, but Redbird's stake in the Paramount deal is by far ...
“Forever Grateful”: Shari Redstone Signs Off As Paramount’s Owner Ahead of Skydance Deal Close
David Ellison and his leadership team will take over the company next week, inheriting "a healthy business with a strong ...
Shari Redstone Says Content Is Still King As Her Family’s Long Paramount Run Is A Wrap
Shari Redstone thanked Paramount investors and recalled its long history under her father, the late Sumner Redstone, as the ...
Skydance CEO David Ellison feels the heat, melts down while taking questions as ‘new Paramount’ press conference goes off the rails
Today marks Day One of a new Paramount,” David Ellison, new CEO of the merged Skydance and Paramount, said Thursday.
Paramount Golden Parachutes: Co-CEOs Chris McCarthy, Brian Robbins to Get $18 Million Payouts
Shari Redstone will receive $1.75 billion for her stake while her exiting C-suite executives will get eight-figure termination awards in addition to their annual salaries.