Paramount and Skydance close their $8 billion merger, kicking off reign of new entertainment giant

Associated Press ^ | 08/08/2025 | WYATTE GRANTHAM-PHILIPS

[SeekAndFind]

NEW YORK (AP) — Skydance and Paramount officially closed their $8 billion merger on Thursday — kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction over the finish line.

The new company — which will trade under the “PSKY” ticker on Wall Street — brings Paramount’s legacy Hollywood footprint, major TV networks like CBS and MTV, streaming services and more under the roof of a new power player: billionaire Skydance founder David Ellison.

“Today marks an exciting and pivotal moment as we prepare to bring Paramount’s legacy as a Hollywood institution into the future of entertainment,” Ellison, who is now Chairman and CEO of Paramount, a Skydance Corporation, said in a statement. He added that he aims to “honor exceptional storytelling while modernizing how we make and deliver content.”

The merger’s close came just two weeks after it received regulatory approval from the Trump administration. While now a done deal, the path towards that approval was far from smooth sailing. Months of scrutiny and turmoil surrounded the transaction — particularly amid President Donald Trump’s legal battle with “60 Minutes,” the crown jewel of Paramount-owned broadcast network CBS. With the specter of the Trump administration potentially blocking the hard-fought deal with Skydance, Paramount agreed to pay a $16 million settlement to the president in early July.

Critics of the settlement lambasted it as a veiled bribe to appease Trump, amid rising alarm over editorial independence overall. Further outrage also emerged after CBS said it was canceling Stephen Colbert’s “Late Show” just days after the comedian sharply criticized the parent company’s settlement on air. Paramount cited financial reasons, but big names both within and outside the company have questioned those motives.

[Tell It Right]

I bet they get a cheap license agreement to use Oracle. LOL

[iamgalt]

The AP BS is laced through this article, especially the Colbert crap.

[Ronaldus Magnus III]

If they desire to make $$$$ they will immediately offer Sydney Sweeney a lot of work.

Just imagine the fun. She could play a great Supergirl, touting Truth Justice & the American Way. Heck, Catwoman.

She could play Pam Bondi arresting all kinds of creeps in a movie or series entitled: The Way Things Ought To Be

To further tweak the Left, she could play the first woman President. Her character could be Maggie Thatcher Jr.

[Wuli]

Skydance - controlled by the Ellison’s (of Oracle) and the Ellion’s are Democratic donors.

[PGR88]

Hurray!

New and improved corporate entertainment about homosexuals and wokeism will be available to the masses!

[1ScrappyArmyMom]

What happens to the CBS news?
I heard that they weren’t wanted in the buyout.

[SaveFerris]

(The new company — which will trade under the “PSKY” ticker on Wall Street — brings Paramount’s legacy Hollywood footprint, major TV networks like CBS and MTV)

Appropriate. Since CBS and MTV are

PESKY

[packrat35]

They know its a lie. They could easily just fire him on the spot and continue with a new host if the show was making money.

[Gasshog]

The legacy Hollywood Paramount is long gone except for the films they made. Gulf+Western bought it way back in the 70’s this is just another shuffling of the deck.

Paramount is just a brand, now owned by a guy who made his billions contracting his crummy software with Uncle Gov.

[odawg]

I am a radio show aficionado. I listen to the old shows on Sirius and have bought a few. I was listening to an old radio Gunsmoke, late fifties, (John Dunning wrote that, among radio drama enthusiasts, “Gunsmoke is routinely placed among the best shows of any kind and any time.) which was on CBS. At the end of the show, the CBS announcer took a fairly long time explaining to listeners why they should to go to church Sunday.

The point is, networks have changed.

By the way, I have never listened to a Gunsmoke radio drama that was not excellent.

[Tom Tetroxide]

What will it be called? Skymount? Paradance?

[balch3]

Now reign in South Park

[SeekAndFind]

They will still retain the name Paramount, but the official name will be known as : Paramount, a Skydance Corporation

[SaveFerris]

👍👍

[mewzilla]

Update!

Nick Sortor
@nicksortor

🚨 BREAKING: CBS just got caught DECEPTIVELY EDITING Kristi Noem’s answer on Kilmar Abrego Garcia, cutting out the fact he’s an illegal, wife beating, MS-13 member

Apparently the $16 MILLION they paid out to Trump didn’t teach them

REVOKE CBS’ BROADCAST LICENSE!

5:04 PM · Aug 31, 2025 579.5K Views

https://x.com/nicksortor/status/1962260248527294661

[SunkenCiv]

This topic was posted 8/8/2025, thanks SeekAndFind.

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[SunkenCiv]

No surprise — there was very good news for Oracle today, it went up nearly 36 percent.

Oracle Corp
NYSE: ORCL
328.33 USD
+86.82 (35.95%) today
Closed: Sep 10, 5:49 PM EDT
After hours 331.50 +3.17 (0.97%)
Open 319.19
High 345.72
Low 312.09
Mkt cap 922.22B
P/E ratio 75.62
Div yield 0.61%
52-wk high 345.72
52-wk low 118.86
Qtrly Div Amt 0.50