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Skydance Closes $8 Billion Paramount Acquisition
- David Ellison's Skydance Media finalized its $8 billion deal to merge with Paramount Global on Tuesday, signaling a significant transformation in the entertainment industry.
- The merger followed months of political scrutiny and received FCC approval in late July, alongside Paramount’s $16 million settlement with Donald Trump.
- Ellison outlined a plan to transform Paramount into a technology-driven company by reorganizing business units, integrating streaming services, and investing in exclusive content.
- He emphasized honoring storytelling, empowering journalists, achieving $2 billion in cost savings, and moving Paramount+ and PlutoTV onto a shared technology platform to reduce costs.
- Paramount announced Stephen Colbert's late-night show would end in May 2026 due to profitability concerns, reflecting ongoing strategic changes under the new ownership.
82 Articles
82 Articles
Deal finalized: Paramount, Skydance combine companies into $8.4B business
Skydance closed its $8.4 billion purchase of Paramount on Thursday, expanding the entertainment company further into Hollywood, journalism and other ventures. The deal didn’t come easy, as the two companies faced controversy for the merger and scrutiny from President Donald Trump and his administration. Newly minted CEO of Paramount, David Ellison, wrote in a Thursday release that Paramount has moved on to a new chapter once more, this time unde…
Israel’s Biggest US Donor Now Owns CBS » Sons of Liberty Media
Trump ally David Ellison just bought CBS. His first move? Bring in Zionist ideologue Bari Weiss to direct news coverage and purge dissent. After reaching an agreement with President Trump, David Ellison—the son of the second-richest man in the world, Larry Ellison—has acquired Paramount Global, the media giant that owns CBS News. Larry Ellison, the largest private …
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Paramount Chief on Trump: ‘Not Politicizing Anything’
New Paramount CEO David Ellison sidestepped questions about President Donald Trump and settlement terms with the president’s administration, telling reporters Thursday he would not be “politicizing anything today." Ellison made the comments after the contentious $8 billion merger between Skydance and Paramount was completed Thursday. The merger's close came just two weeks after it received regulatory approval from the Trump administration, comin…
Paramount Chief on Trump: 'Not Politicizing Anything'
New Paramount CEO David Ellison sidestepped questions about President Donald Trump and settlement terms with the president's administration, telling reporters Thursday he's not politicizing anything today.
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