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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.
The Paramount Skydance Corporation Story
Founders
Recent Activity
View all →Material Event filed 2026-07-01
Material Event filed 2026-06-29
After 25 Years, 'Jackass' Is Ready for One Final Hurrah Jun 23, 2026 Content Strategy After 25 Years, 'Jackass' Is Ready for One Final Hurrah For more than 25 years, Jackass has occupied a singular place in pop culture. What began as a scrappy MTV series built on outrageous stunts, skateboarding culture and a willingness to push boundaries evolved into a global franchise that transformed comedy and launched a generation of unforgettable personalities. Now, Johnny Knoxville and the gang are back together for one final adventure. Arriving in theaters June 26, jackass: best and last serves as both a farewell and a celebration, combining all-new stunts with fan-favorite moments, never-before-seen footage and a look back at the friendships that fueled one of entertainment’s most enduring franchises. The film reunites Knoxville, Steve-O, Chris Pontius, Wee Man, Dave England, Danger Ehren, Preston Lacy and other members of the extended Jackass family for what promises to be the franchi
Paramount Forms Industrial Relations Division Under Co-Leadership of Nicole Lang & Sheldon Kasdan Colby.Colodner… Mon, 06/22/2026 - 14:37 HOLLYWOOD, CA (June 22, 2026) Paramount Skydance Corporation (Nasdaq: PSKY) (“Paramount”) today announced the elevation of its Industrial Relations team into a new standalone division to be co-led by Nicole Lang and Sheldon Kasdan, Executive Vice Presidents & Co-Heads of Industrial Relations. Both report directly to Makan Delrahim, Chief Legal Officer. This move underscores Paramount’s view of Industrial Relations as a core strategic priority and reinforces the company’s commitment to strong, constructive partnerships with guilds, unions, and industry professionals. Said Delrahim, “Nicole and Sheldon have played a key role in navigating recent labor negotiations and strengthening our relationships with our partners across the industry. Elevating Industrial Relations to a standalone division reflects both the importance of this wor
Material Event filed 2026-06-22
Cowabunga! The World’s First Official 'TMNT' Pizzeria Opens in Santa Monica Jun 18, 2026 Product & Experiences Cowabunga! The World’s First Official 'TMNT' Pizzeria Opens in Santa Monica For decades, one thing has united Leonardo, Michelangelo, Donatello and Raphael: an unwavering love of pizza. Now, that iconic connection is coming to life in a first-of-its-kind dining experience. On June 20, the world’s first official Teenage Mutant Ninja Turtles Pizzeria opens its doors in Santa Monica, transforming a longtime piece of TMNT lore into a real-world destination where fans can eat, shop and immerse themselves in the Turtles’ universe. Located in the heart of Santa Monica, the 3,000-square-foot restaurant blends the spirit of the original 1980s TMNT universe with a chef-driven commitment to great pizza. “For more than 40 years, Teenage Mutant Ninja Turtles has inspired a passionate fan community across generations, and our TMNT Pizzeria brings that fandom to life,” said
Material Event filed 2026-06-18
Paramount Skydance Corporation Announces: Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers Anonymous (not verified) Fri, 06/12/2026 - 09:00 LOS ANGELES and NEW YORK , June 12, 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) offer
Material Event filed 2026-06-10
'Scary Movie' Makes a Killer Return, Opening to Franchise-Record $105.5 Million Worldwide Jun 7, 2026 Content Success 'Scary Movie' Makes a Killer Return, Opening to Franchise-Record $105.5 Million Worldwide The wait is over, and it was worth it. Paramount Pictures and Miramax’s Scary Movie made history this weekend, opening to #1 at the global box office and earning $105.5 million worldwide. Reuniting the Core Four for the first time in more than two decades, Scary Movie delivered the comedy event audiences have been waiting for, smashing records in the process. The film debuted with $55 million domestically and $50.5 million internationally to become Paramount Pictures' biggest comedy ever and making it the biggest R-rated comedy at the box office in over 10 years. This stellar opening also marks the biggest opening weekend of the Scary Movie franchise both domestically and internationally. Marketing Highlights The film’s marketing campaign, led by President of Worldwide Marketing &a
'Scary Movie' Stars Are Ready to Make Audiences Laugh Again Jun 4, 2026 Content Strategy 'Scary Movie' Stars Are Ready to Make Audiences Laugh Again Today's horror landscape is bigger than ever. From psychological thrillers and socially conscious horror to sprawling franchises, the genre continues to dominate popular culture, making this the perfect time for Scary Movie to return. Premiering exclusively in theaters, Dolby Cinema, 4DX, and Premium Large Formats on June 5, the newest installment reunites original stars Marlon Wayans, Shawn Wayans, Anna Faris, and Regina Hall for the first time in more than two decades. Twenty-six years after first outrunning a suspiciously familiar masked killer, the Core Four find themselves back in the crosshairs, and this time, no horror movie is safe. From Paramount Pictures and Miramax, Scary Movie slashes through everything from elevated horror and legacy sequels to reboots, remakes, requels, prequels, spin-offs, and ever
Paramount Forms Unified Games Studio, Names Tony Driscoll as President Jun 4, 2026 Company News Paramount Forms Unified Games Studio, Names Tony Driscoll as President In this interview, Driscoll pulls back the curtain on Paramount Games Studio and what it means to bring AAA Skydance Games together with Paramount’s iconic IP. Paramount just made its biggest bet on games yet. Today, the company announced the formation of Paramount Games Studio, a unified gaming division that brings together all Paramount and Skydance gaming studios – including Skydance Interactive and Skydance New Media – under one roof with one mandate: transform world-class IP into immersive, enduring franchise experiences. At the helm is Tony Driscoll, President of Paramount Games Studio, who will also continue in his role as EVP of Corporate Strategy and Development. Driscoll brings more than two decades of senior leadership experience across entertainment, media, and emerging technology, including role
Company Timeline
Major milestones in Paramount Skydance Corporation's journey
Leadership Team
Meet the leaders behind Paramount Skydance Corporation
David Ellison
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
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
Continuing as interim Chief Financial Officer following the merger, Andrew Warren oversees financial strategy and operations for the combined entity.
Dana Goldberg
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
Former Sony Pictures executive, Josh Greenstein co-leads the film division with deep experience in theatrical distribution and marketing.
Cindy Holland
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
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
Leading production strategy for Paramount's theatrical slate with extensive experience in blockbuster film development.
Matt Thunell
Overseeing television production across broadcast, cable, and streaming platforms with a focus on premium scripted content.
Stephanie Kyoko McKinnon
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.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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