Skydance Media finalized its $8 billion acquisition of Paramount Global, merging the two into a new Skydance Corporation. Incoming chairman and CEO David Ellison outlined a three‑unit structure—studios, direct‑to‑consumer, and TV media—to drive efficiency and technology integration. The plan includes a unified technology stack for Paramount Plus and Pluto TV, AI‑assisted translation, virtual sound stages, and a proprietary ad‑tech platform. The deal also required FCC approval, prompting commitments to eliminate DEI programs and address perceived news bias. RedBird Capital, Larry Ellison’s family office, and Shari Redstone’s National Amusements were key parties in the transaction.
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