Skydance CEO David Ellison takes the reins of a…
Skydance Media finally took the reins of Paramount Global on Thursday — capping a long-winding saga after the $8 billion merger risked being derailed by political scrutiny and shareholder considerations.
The new publicly traded company, called Skydance Paramount Corp, combines the media giant’s struggling legacy manufacturers like CBS and MTV, its Paramount+ streaming service, and prized movie and TV library, with Skydance’s manufacturing and technological capabilities.
Skydance boss David Ellison — who will take over as CEO and chairman of PSky — laid out a host of initiatives…
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