Paramount and Skydance agree to merge, ending Redstone era
Paramount and Skydance agree to merge, ending Redstone era

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Paramount agrees to merge with Skydance, ending monthslong negotiations and Redstone era

Skydance founder David Ellison (son of Oracle founder Larry Ellison) will lead the combined company as CEO, while (RedBird’s Jeff Shell, the former NBCUniversal CEO) will serve as president.
It's hard to characterize mergers of this type as good news, but if Skydance is actually going to be "creative-first", it might be the least-bad of the potential outcomes that have been in play over the last year or so.