Paramount Global Completes Merger with Skydance Media, Begins Nasdaq Trading

Skydance Media and Paramount Global have completed their merger, creating Paramount, a global media and entertainment company. Paramount Class B shares will trade on Nasdaq under the ticker symbol "PSKY." The combined company will leverage strategic investments to capitalize on synergies, combining Paramount's creative library and distribution network with Skydance's production expertise and technological capabilities.

Skydance Media and Paramount Global have successfully completed their merger, giving birth to a new entity, Paramount. The combined company will operate under the Nasdaq ticker symbol "PSKY" and will trade Class B shares. The merger aims to leverage strategic investments to capitalize on synergies, combining Paramount's extensive creative library and distribution network with Skydance's production expertise and technological capabilities [1].

The new entity, Paramount, will be led by a highly accomplished executive leadership team. David Ellison, the future Chairman and CEO, commented on the merger, "I’m thrilled to introduce our new executive leadership team — backed by deep industry experience, proven track records, and a shared commitment to excellence, this world-class team is uniquely equipped to rise to the occasion and deliver on our bold vision for a new Paramount. Each member was chosen to align with our goals and with the intention to drive transformation." The team includes industry veterans such as Jeff Shell, Andy Gordon, George Cheeks, and Dana Goldberg, who bring complementary capabilities and strategic insight to drive the company's transformation [1].

The merger will result in a combined company structured into three primary business segments: Studios, Direct-to-Consumer, and TV Media. These segments will focus on leveraging the strengths of both companies to create and distribute high-quality content across various platforms. The Studios segment will benefit from Skydance's production expertise, while the Direct-to-Consumer segment will capitalize on Paramount's extensive distribution network. The TV Media segment will combine the strengths of both companies to create a robust television and streaming content strategy [1].

The new leadership team is well-positioned to navigate the complexities of the media and entertainment industry. David Ellison, the future Chairman and CEO, brings a wealth of experience as the founder of Skydance Media and the producer of numerous successful films and television series. Jeff Shell, the President, has a proven track record in leading media companies, including NBCUniversal. Andy Gordon, the Chief Strategy Officer and Chief Operating Officer, has a distinguished career at Goldman Sachs and RedBird Capital Partners, advising prominent industry leaders in Media, Entertainment, and Telecommunications. George Cheeks, the Chair of TV Media, has overseen the transformation of CBS into a global content provider, while Dana Goldberg, the Co-Chair of Paramount Pictures and Chair of Paramount Television, has extensive experience in creative leadership and production [1].

The merger of Skydance Media and Paramount Global marks a significant milestone in the global media and entertainment industry. By combining their strengths, Paramount is poised to become a major player in the industry, offering a diverse range of content and distribution services. The new executive leadership team is well-equipped to drive the company's growth and success in the competitive media landscape [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/04/3126631/0/en/Skydance-Media-Announces-Proposed-Executive-Leadership-Team-for-Paramount-Following-Anticipated-Completion-of-Merger.html