Paramount will merge with Skydance, bringing new ownership to the storied movie studio and CBS broadcast network long been controlled by the Redstone family.
Paramount Global will merge with Skydance, ending an era of control by the Redstone family of the storied movie studio and CBS broadcast network.Skydance founder David Ellison, the son of Oracle founder and billionaire Larry Ellison, will be at the helm of a major Hollywood studio.will merge with Skydance, capping off a months-long negotiation that included various twists and turns, and will see the Redstone family step away from control of the storied movie studio and media company.
A completed Skydance merger would mark a major shift for the ownership of Paramount, as well as for Hollywood as a whole.
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