Paramount Global and Skydance Media have reached the end of their long and winding merger road, announcing the close of their $8.4 billion combination.
deadline.com
many questions are looming over the combined company. Among the biggest are the outlook for Paramount’s many cable networks given the moves across the sector to spin off or separate linear TV from streaming and other assets. Also top of mind is the extent of additional layoffs. Paramount had already cut 15% of its domestic workforce in 2024, adding additional layoffs earlier this year. While Ellison and his chief financial backer, RedBird Capital, have emphasized their passion for theatrical moviegoing and preserving many of Paramount’s traditional businesses, it’s clear that more changes are coming.