Skydance Closes $8 Billion Paramount Acquisition: ‘Today Marks Day One of a New Paramount,’ David Ellison Says

David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount, a Skydance Corporation, the company announced Thursday. Under Skydance, Paramount will be restructured into three divisions: studios, direct-to-consumer, and TV media. “Today marks an exciting and pivotal moment as we prepare to bring Paramount’s legacy as a Hollywood […]