Paramount Skydance Corp Lists Options, Paramount Global and Paramount Global A to be Delisted

On August 8th, Paramount Skydance Corp (PSKY) listed its options, while Paramount Global (PARA) and Paramount Global A (PARAA) options were delisted.

On August 8th, Paramount Skydance Corp (PSKY) made its debut on the Nasdaq under the ticker symbol PSKY, marking a significant milestone in the company's post-merger journey [1]. This development comes on the heels of the completion of the merger between Paramount Global and Skydance Media, which was finalized on August 7th [1]. The newly formed entity, Paramount Skydance Corp, is structured into three business segments: studios, direct-to-consumer, and TV media [1].

Meanwhile, options for Paramount Global (PARA) and Paramount Global A (PARAA) have been delisted, indicating a shift in the company's capital structure following the merger [3]. This move reflects the company's restructuring efforts to align with its new strategic direction under the leadership of David Ellison, who serves as chairman and CEO of Paramount Skydance Corp [1].

The merger, valued at US$8.4 billion, combines Paramount's extensive global distribution network and film and TV library with Skydance's production and technological capabilities [1]. The combined company aims to expand its technological capabilities, grow its streaming business, and prioritize cash flow [1]. This strategic focus is particularly relevant given the decline in traditional linear TV business as consumers increasingly shift towards streaming platforms [1].

The Federal Communications Commission (FCC) cleared the merger in July, following a settlement with US President Donald Trump over CBS' editing of a "60 Minutes" interview with Kamala Harris [1]. The merger agreement includes provisions to ensure CBS news and entertainment programming is free of bias and includes an ombudsman to review complaints [1]. This approval, however, has been criticized by some for introducing unprecedented forms of government control over newsroom decisions and editorial judgment [1].

The new leadership at Paramount Skydance Corp has a challenging task ahead, particularly in maintaining strong partnerships with the creative community to ensure the company's success [2]. The company will need to leverage its existing talent and franchises, such as those led by Ryan Reynolds, Taylor Sheridan, and others, to drive growth in both film and TV production [2].

In summary, the listing of PSKY options and the delisting of PARA and PARAA options reflect a significant shift in Paramount's capital structure and strategic focus following the merger with Skydance Media. The company's future success will depend on its ability to execute its strategic plans and maintain its competitive edge in the rapidly evolving media landscape.

References:
[1] https://www.businesstimes.com.sg/companies-markets/paramount-closes-us8-billion-merger-skydance-after-settling-60-minutes-lawsuit
[2] https://www.aol.com/ryan-reynolds-taylor-sheridan-john-205916947.html
[3] http://www.nickalive.net/2025/08/brian-robbins-steps-down-as-paramount.html