Paramount Skydance Corporation logo

Paramount Skydance Corporation(PSKY)

Leader

Los Angeles Hollywood media (NASDAQ: PSKY, ~$28B enterprise); Skydance merger completed Aug 2025, CEO David Ellison, 77.7M Paramount+ subscribers (+16% streaming) with $3B cost cuts competing with WBD Max.

68
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Grade B
AI Visibility Score (Beta)
Telecom & CommunicationsEnterprisePSKYWebsiteUpdated March 2026

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Company Overview

About Paramount Skydance Corporation

Paramount Skydance Corporation is a Los Angeles, California-based global media and entertainment company — publicly traded on NASDAQ (NASDAQ: PSKY) as an S&P 500 component — operating Paramount Pictures, CBS, MTV, Nickelodeon, BET, Comedy Central, Showtime, Paramount+, and Pluto TV following the $8 billion Skydance Media merger completed on August 7, 2025, creating an approximately $28 billion enterprise value company. David Ellison (founder of Skydance Media and son of Oracle co-founder Larry Ellison) serves as CEO and Jeff Shell as President. The company operates three segments: Studios (Paramount Pictures theatrical and TV production, Paramount Television Studios), Streaming/DTC (Paramount+ subscription service with 77.7 million subscribers as of Q2 2025 representing +16% streaming revenue year-over-year, Pluto TV free ad-supported streaming), and TV Media (CBS broadcast network, cable networks including MTV, Nickelodeon, BET, Comedy Central, Showtime). The merger followed a contested bidding process and Shari Redstone's sale of National Amusements' controlling stake in Paramount Global.

Business Model & Competitive Advantage

Paramount Skydance's media conglomerate model addresses the streaming transition challenge that legacy broadcast and cable networks face as linear TV advertising and affiliate fee revenues decline: CBS generates ~$5 billion in annual advertising and retransmission revenue from linear broadcast, while Nickelodeon, MTV, and BET face cord-cutting headwinds that reduce the affiliate fees cable operators pay per subscriber — requiring Paramount+ to scale its direct-to-consumer subscriber base fast enough to replace the declining linear revenue. Skydance's film production capabilities (Top Gun: Maverick, Mission: Impossible, Transformers) and David Ellison's Silicon Valley relationships bring both franchise IP and technology partnerships that the Paramount Global standalone entity lacked. The $3 billion cost reduction target (increased from the original $2 billion during merger negotiations) addresses the operational inefficiencies of a media conglomerate that operated CBS, Paramount, and multiple cable networks with overlapping back-office functions.

Competitive Landscape 2025–2026

In 2025, Paramount Skydance competes in the Hollywood studio, broadcast network, and streaming media market with NBCUniversal/Peacock (private, Comcast subsidiary, $30B revenue), Warner Bros. Discovery (NASDAQ: WBD, Max streaming, $41B revenue), and The Walt Disney Company (NYSE: DIS, Disney+/Hulu/ESPN+, $91B revenue) for streaming subscriber growth, theatrical box office market share, and sports broadcast rights. The 77.7M Paramount+ subscriber base (Q2 2025) positions the platform competitively against Peacock and Max but well below Netflix (270M+) and Disney+ (120M+) — making the $3B cost savings program critical for achieving streaming profitability before the linear TV revenue decline accelerates. Workforce reductions including 1,600 jobs following Argentina/Chile divestitures and 1,000 additional cuts in late October 2025 represent the operational restructuring required to fund streaming investment from declining legacy assets. The 2025 strategy focuses on achieving the $3B cost target, growing Paramount+ international subscriptions, and leveraging Skydance's franchise IP pipeline for theatrical releases that drive streaming subscriber acquisition.

Founded
2025
Headquarters
Hollywood, Los Angeles, California
Curated content • Fact-checked and verified

The Paramount Skydance Corporation Story

Founded in 2025
Hollywood, Los Angeles, California
Founded by David Ellison

Founders

David Ellison

Recent Activity

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PARAMOUNT SKYDANCE SATISFIES ALL REGULATORY CONDITIONS UNDER THE MERGER AGREEMENT TO CLOSE WARNER BROS. DISCOVERY ACQUISITION, SECURING CLEARANCES IN NEARLY 70 COUNTRIES WORLDWIDE

PARAMOUNT SKYDANCE SATISFIES ALL REGULATORY CONDITIONS UNDER THE MERGER AGREEMENT TO CLOSE WARNER BROS. DISCOVERY ACQUISITION, SECURING CLEARANCES IN NEARLY 70 COUNTRIES WORLDWIDE Anonymous (not verified) Fri, 08/14/2026 - 15:50 LOS ANGELES and NEW YORK , Aug. 14, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") has satisfied all regulatory clearances required under the merger agreement to close its proposed acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD"). The eight-month review process has spanned 68 countries worldwide, including the European Union, UK, Australia, Canada, Brazil, China, COMESA, the U.S. Department of Justice and, most recently, Mexico, which announced its clearance today. These independent regulators from across the globe applied the law and market definitions that reflect how audiences consume entertainment and how media companies compete today – and have consistently found no basis to prevent the transaction from mo

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‘Lioness’ Season 3 Premiere Reaches 7.1 Million Viewers

‘Lioness’ Season 3 Premiere Reaches 7.1 Million Viewers Aug 14, 2026 Content Success ‘Lioness’ Season 3 Premiere Reaches 7.1 Million Viewers The Paramount+ original delivered a bigger premiere than Season 2 while building momentum with audiences in the U.S. and Europe. The hit Paramount+ espionage thriller from Taylor Sheridan drew 7.1 million viewers in its first seven days of streaming, according to Paramount internal data. The strong start puts the August 2 premiere significantly ahead of the audience for the Season 2 debut in 2024, marking an impressive return for the series.   According to preliminary Nielsen data, Lioness ranked as the No. 2 most-watched streaming original series in the U.S. during the week of August 2–8. The series also generated strong conversation across social platforms, ranking as the No. 1 buzziest streaming drama from August 2–4 and driving 6.9 million social media views, according to Social Content Ratings.   And the momentum is global. On SkySh

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Paramount’s Dino-Sized Mission to Help Kids Discover Their Own Superpowers

Paramount’s Dino-Sized Mission to Help Kids Discover Their Own Superpowers Aug 12, 2026 Company News Paramount’s Dino-Sized Mission to Help Kids Discover Their Own Superpowers When PAW Patrol: The Dino Movie hits theaters on August 14, 2026, the PAW Patrol will take on a rescue mission unlike any they have encountered before. In the film, the PAW Patrol land on a mysterious dinosaur island after a storm where they meet Rex, a stranded pup. When Humdinger's reckless mining triggers a volcano, the team must band together to save the island, kicking off their biggest rescue mission yet.   But beyond dinosaurs, adventure, and big-screen action, the film also opens the door to another kind of mission: helping kids recognize their own ability to be brave, persevere, and make a difference. At the heart of the story is a message especially meaningful for families with kids ages 2-9 years old: even when a challenge feels enormous, you can keep going.   Inspired by Marshall’s storyline

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'PAW Patrol' Goes Prehistoric in 'The Dino Movie'

'PAW Patrol' Goes Prehistoric in 'The Dino Movie' Aug 12, 2026 Content Strategy 'PAW Patrol' Goes Prehistoric in 'The Dino Movie' The cast and writers take us behind the scenes of the pups’ biggest adventure yet ahead of its August 14 theatrical release. PAW Patrol: The Dino Movie roars into theaters August 14, sending the beloved rescue pups into a prehistoric world filled with larger-than-life dinosaurs, new friends and high-stakes rescues.   “This is definitely the biggest PAW Patrol movie we've ever made, and for us, we put everything on the screen and it's a big action movie that we hope everyone loves,” says writer Bob Barlen.   Directed by Cal Brunker and co-written by Brunker and Barlen, PAW Patrol: The Dino Movie builds on more than a decade of storytelling centered on courage and compassion. “ PAW Patrol: The Dino Movie is a must-see because it's got action, adventure, heart, and a message for old and young alike,” says Brunker.   Welcome to Dino Island Bringin

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Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers

Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers Anonymous (not verified) Fri, 08/07/2026 - 16:05 LOS ANGELES and NEW YORK , Aug. 7, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers

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UK COMPETITION AND MARKETS AUTHORITY APPROVES PARAMOUNT SKYDANCE CORPORATION ACQUISITION OF WARNER BROS. DISCOVERY

UK COMPETITION AND MARKETS AUTHORITY APPROVES PARAMOUNT SKYDANCE CORPORATION ACQUISITION OF WARNER BROS. DISCOVERY Anonymous (not verified) Thu, 08/06/2026 - 07:36 LOS ANGELES and NEW YORK , Aug. 6, 2026 /PRNewswire/ -- The United Kingdom Competition and Markets Authority has today formally cleared the acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") by Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount"), representing an important milestone in completing the transaction. Paramount is grateful to the CMA for its constructive engagement and its review of the transaction. Separately, Paramount has entered into a deed of covenant and undertaking with the UK Department for Digital, Culture, Media and Sport. Paramount welcomed the opportunity to engage with DCMS and is pleased to have agreed on a path forward. Paramount has already received competition clearances from antitrust and competition authorities in: the United States, Australia, Brazil, Canada, China, Kuwai

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PARAMOUNT REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS

PARAMOUNT REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS Anonymous (not verified) Tue, 08/04/2026 - 16:01 LOS ANGELES and NEW YORK , Aug. 4, 2026 /PRNewswire/ -- Paramount Skydance Corporation (Nasdaq: PSKY) today announced financial results for the second quarter ending June 30, 2026. The company will conduct a conference call with a live audio webcast available on Paramount's Investors homepage at ir.paramount.com  beginning at 2:00 p.m. (PT) / 5:00 p.m. (ET) on August 4. Please visit the Paramount Investors homepage to view a letter to shareholders . The conference call can also be accessed by dialing 800-715-9871 (U.S. domestic) or 646-307-1963 (international) using conference ID 61912. Please call five minutes in advance to ensure that you are connected prior to the call. An audio replay of the call will be available on August 4 in the Events and Webcasts section of Paramount's Investors homepage. The earnings release and any other information related to the call will be acces

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Viola Davis to Star In and Executive Produce New Paramount+ Thriller ‘Ascent’ from John Logan

Viola Davis to Star In and Executive Produce New Paramount+ Thriller ‘Ascent’ from John Logan Aug 4, 2026 Content Strategy Viola Davis to Star In and Executive Produce New Paramount+ Thriller ‘Ascent’ from John Logan Paramount+ is adding another high-profile original to its growing slate, bringing together one of Hollywood’s most acclaimed performers and one of its most celebrated storytellers. The streamer has officially greenlit Ascent , a new character-driven thriller starring and executive produced by EGOT winner Viola Davis, with Tony Award® winner and three-time Academy Award® nominee John Logan ( Skyfall , Gladiator , Michael , Penny Dreadful ) serving as creator, showrunner and executive producer.   Set in the high-pressure world of global corporate crisis and damage control, Ascent follows elite fixer Catriona Vail, played by Davis, whose ruthless expertise has made her indispensable to billion-dollar clients. But when her estranged daughter is placed in danger, Vail must

10-Q
10-Q — 10-Q

Quarterly Report filed 2026-08-04

8-K
8-K — 8-K

Material Event filed 2026-08-04

blog_post
Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers

Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers Anonymous (not verified) Fri, 07/31/2026 - 16:01 LOS ANGELES and NEW YORK , July 31, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers

8-K
8-K — FORM 8-K

Material Event filed 2026-07-31

Company Timeline

Major milestones in Paramount Skydance Corporation's journey

15
Total Events
5
Acquisitions
1
Product Launches

Leadership Team

Meet the leaders behind Paramount Skydance Corporation

David Ellison

CEO & Chairman

Founder of Skydance Media (2006), David Ellison is an accomplished producer and entrepreneur who led the company through blockbuster productions including Top Gun: Maverick and the Mission: Impossible franchise. Son of Oracle co-founder Larry Ellison, he was mentored by Steve Jobs and brings a technology-forward vision to the entertainment industry.

Jeff Shell

President

Former NBCUniversal CEO, Jeff Shell oversees day-to-day operations of Paramount's media businesses. He brings extensive experience in both traditional broadcast and streaming media, having led NBCUniversal's Peacock streaming service launch.

Andrew Warren

Interim CFO

Continuing as interim Chief Financial Officer following the merger, Andrew Warren oversees financial strategy and operations for the combined entity.

Dana Goldberg

Co-Chair, Paramount Pictures & Nickelodeon Films

Former Skydance Chief Content Officer, Dana Goldberg leads the theatrical film business alongside Josh Greenstein, bringing extensive production expertise from Skydance's successful franchises.

Josh Greenstein

Co-Chair, Paramount Pictures & Nickelodeon Films

Former Sony Pictures executive, Josh Greenstein co-leads the film division with deep experience in theatrical distribution and marketing.

Cindy Holland

President, Direct-to-Consumer

Former Netflix scripted TV chief, Cindy Holland leads Paramount's streaming businesses including Paramount+ and Pluto TV, bringing proven expertise in streaming content strategy.

George Cheeks

Chair, TV Media

Leading the broadcast and cable business, George Cheeks oversees CBS and the company's extensive cable network portfolio including MTV, Nickelodeon, BET, and Comedy Central.

Don Granger

President, Motion Picture Group

Leading production strategy for Paramount's theatrical slate with extensive experience in blockbuster film development.

Matt Thunell

President, Paramount Television Studios

Overseeing television production across broadcast, cable, and streaming platforms with a focus on premium scripted content.

Stephanie Kyoko McKinnon

General Counsel

Leading legal affairs for the merged company, handling complex regulatory, M&A, and intellectual property matters.

Key Differentiators

Market Leader

Paramount Skydance Corporation is recognized as a market leader in the Communications sector, demonstrating strong industry presence and customer trust.

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