Paramount Skydance

Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company's primary corporate headquarters is located at the Paramount Pictures lot in the Hollywood neighborhood of Los Angeles, California, and Paramount's secondary and operational headquarters, alongside many of Paramount's divisions and subsidiaries, as well as one of Paramount's major offices and meeting places is headquartered at the previous Paramount Global headquarters at One Astor Plaza in New York City. CBS, a major Paramount asset, is also headquartered in New York City, but at the CBS Building and the CBS Broadcast Center both in Midtown Manhattan. Paramount Skydance also houses major offices and operations at the previous Skydance Media headquarters in Santa Monica, California. Larry and David Ellison control the company, owning 77.5% of the voting shares and 47.2% of all shares. RedBird Capital Partners own 22.5% of the voting shares and 13% of all shares. Paramount Skydance was formed on August 7, 2025, by David Ellison, through the merger of Skydance Media, Paramount Global, and National Amusements. The company trades under the ticker symbol "PSKY" on the Nasdaq. Shortly after its formation, Paramount Skydance began pursuing an unsolicited bid to acquire Warner Bros. Discovery and subsequently won a bidding war for the company in February 2026. Paramount Skydance's purchase of WBD was approved by the U.S. Department of Justice on June 12, 2026. A subsequent anti-trust lawsuit by 12 state attorneys general (led by California) initially led Paramount to delay the closure of the acquisition until June 1, 2027, and a federal judge ruled in favor of holding a trial for the lawsuit in March 2027. Ultimately, on September 21, 2026, Paramount Skydance reached a settlement with the states, which included provisions for independent editorial boards at CNN and CBS News and a...