Paramount is now a Skydance Corporation

Entertainmentby Charles Pulliam-MooreAug 7, 2025, 7:35 PM UTCCharles Pulliam-Moore is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years.

It’s official: Skydance Media’s deal to purchase CBS parent company Paramount Global for $8 billion is complete, and incoming chairman / CEO David Ellison’s first order of business is a massive restructuring.

In an open letter about his plans for Paramount, a Skydance Corporation (the merged companies’ new name), Ellison announced that, going forward, the business will be split into

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