Paramount (Skydance Corporation, formerly Paramount Skydance Corporation)

Paramount Skydance Corporation is the corporate entity formed in 2025 through the combination of Paramount Global and Skydance Media. The company operates in the media and entertainment industry and brings together Paramount’s established studios, television operations, brands, and distribution capabilities with Skydance’s film, television, animation, and interactive entertainment businesses. Its identity is closely connected with Paramount, a long-running entertainment name whose portfolio includes film and television production and distribution, television networks, and streaming services. The company’s offerings are organized across content creation and distribution. These include theatrical films, television programming, animation, sports and entertainment programming, and streaming content. Paramount-branded operations and services include Paramount Pictures, CBS, and Paramount+, alongside other television and entertainment properties. Skydance contributes production businesses and a track record of projects made with major studios and platforms. The combined portfolio allows the company to participate in both the creation of content and its distribution through cinemas, broadcast and cable outlets, and digital services. The combination was completed in 2025, creating a publicly traded company under the Paramount Skydance Corporation name. Skydance founder David Ellison became chairman and chief executive officer. The company is headquartered in Los Angeles, California, and operates in the United States and international markets. Its public-market ticker is PSKY. The corporate naming and ownership arrangements have since been described using the Skydance Corporation name; Paramount remains the prominent entertainment brand and operating identity associated with the business. Paramount’s market position rests on the recognition of its studio and television brands, its content library, and its ability to develop, produce, license, and distribute entertainment across multiple formats. The combination with Skydance adds production capabilities and an entrepreneurial studio operation, while the merged company faces the broader industry challenge of balancing legacy television businesses with streaming and other evolving distribution models. This dossier concerns the commercial company and its entertainment operations, not the unrelated uses of the word “Paramount.”

Paramount Skydance Corporation was created in 2025 through the combination of Paramount Global and Skydance Media. The deal brought together two businesses with complementary histories in screen entertainment: Paramount’s established studio, broadcast, cable, and streaming operations, and Skydance’s production businesses in film, television, animation, and interactive entertainment. Completion of the transaction created a newly combined, publicly traded company, with Skydance founder David Ellison taking the roles of chairman and chief executive officer. The Paramount side of the combination draws on a legacy of motion-picture production and distribution associated with Paramount Pictures, together with television operations built around CBS and a portfolio of cable, digital, and streaming properties. Paramount+ represents the company’s direct-to-consumer streaming offering. These businesses give the combined company established brands, production and distribution infrastructure, and a substantial library of entertainment content. They also connect it to several distribution channels, including theatrical exhibition, broadcast television, pay television, licensing, and streaming. Skydance developed as an entertainment production company whose work spans film and television, with additional businesses in animation and interactive entertainment. Its involvement in projects made for and with major studios and platforms gave it a production-oriented profile. The merger therefore joined a large, legacy media business with a production company that had grown through partnerships and projects across the entertainment industry. The transaction took place amid structural change in the media business. Traditional television companies have faced shifts in viewing habits, pressure on cable and broadcast economics, and competition for audiences and investment in streaming. The combined company entered this environment with a broad collection of recognizable brands and content businesses, but also with the task of coordinating those assets and competing across distinct forms of distribution. Its strategic position depends on the continuing value of its content, the reach of its distribution outlets, and its ability to make and license programming for changing audience habits. The corporate identity has been associated with the Paramount Skydance Corporation name and subsequently with Skydance Corporation. Paramount remains the prominent entertainment name attached to many of the company’s studios, networks, and services. This distinction matters: the corporate entity and the Paramount consumer-facing brand are related, but they are not interchangeable in every context. The company is headquartered in Los Angeles, California, and its shares trade under the ticker PSKY. Its business reaches beyond the United States through distribution, licensing, production, and streaming activity in international markets.

• 2025

  Paramount Global and Skydance combine

• 2025

  David Ellison becomes chairman and CEO

A diversified entertainment company combining a globally recognized studio and television portfolio with Skydance’s content-production businesses, operating across theatrical, television, and streaming distribution.

• Paramount Pictures

  Film studio and motion-picture production and distribution business associated with the Paramount portfolio.

• CBS

  Broadcast television network and related television programming operations.

• Paramount+

  Subscription streaming service offering film, television, and other programming.

• Skydance productions

  Film, television, animation, and interactive entertainment production businesses.

• Combination of Paramount Global and SkydanceOther

• 2026.10.06

  Reported2026.10.06

  Paramount completes acquisition of Warner Bros. Discovery, forming combined company Skydance[3]派拉蒙完成对华纳兄弟探索公司的收购，组建合并公司Skydanceprnewswire.com

  On Oct 6, 2026, Skydance Corporation (f/k/a Paramount Skydance Corporation), referred to as Paramount, announced the completion of its acquisition of Warner Bros. Discovery, Inc. (WBD), creating a combined company named Skydance. The transaction closed following receipt of all required regulatory approvals, with unanimous approval from competition authorities covering nearly 70 jurisdictions. Skydance Class B shares began trading on the NYSE under ticker "SKYD" the same day, and WBD shares ceased trading on Nasdaq, with WBD shareholders receiving $31.01666668 per share in cash.

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1. 1Paramountparamount.com
2. 2Paramount Skydance Corporationen.wikipedia.org
3. 3派拉蒙完成对华纳兄弟探索公司的收购，组建合并公司Skydanceprnewswire.com
4. 4David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreizcnbc.com
5. 5From films to streaming prices - how the Warner Bros deal could affect youbbc.co.uk
6. 6Opinion | Paramount and Warner Bros. Discovery are finally one company. So what happens now? - Poynternews.google.com
7. 7Paramount officially merges with Warner Bros. Here’s how we got here - Fast Companynews.google.com