Paramount purchased by Skydance, final Aug. 7, 2025

[janea4old]

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Thursday August 7, 2025, the Skydance purchase of Paramount was completed.

This is the new Paramount/Skydance executive team:
https://www.paramount.com/about/leadership

This lists the new board of directors:
https://www.paramount.com/about/board-of-directors

Edited August 15 by janea4old

[DaytimeFan]

It's interesting to see Sherry Lansing on the board of directors. She was the former chairman of Paramount Pictures, the first woman to do so, and was also head of production at 20th Century Fox. She is the definition of a veteran Hollywood power player.

[janea4old]

As of August 7, Paramount exec George Cheeks survived the merger, and still has his job at this time.  (He personally advocated for BeyondTheGates to exist.)

 

Official press release August 7, 2025
https://www.paramount.com/press/skydance-media-and-paramount-global-complete-merger-creating-next-generation-media-company
 

Per the press release:
Paramount, a Skydance Corporation (Nasdaq: PSKY) is a leading, next‑generation global media and entertainment company,
comprised of three business segments:
Studios, Direct-to-Consumer, and TV Media.
The Company's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS – America's most-watched broadcast network, CBS News, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. 

 

There are lots of articles about longterm ramifications, about streaming, about the corporate structure, future plans, etc.   Hope others will post whatever links fit here.

Edited August 7 by janea4old

[janea4old]

August 7, 2025.  Now that the merger is complete, George Cheeks made a statement about the cancellation of Colbert.

https://deadline.com/2025/08/cbs-george-cheeks-late-show-with-stephen-colbert-cancelation-1236481494/

Edited August 8 by janea4old

[te.]

Insane how many people in the comments are claiming it had nothing to do with the financial situation despite not knowing the massive decline in late night revenue. They'd certainly cancel more shows if they were doing it to curry the favour at the White House. 

I read a suggestion that the future of late night would be televised podcasts essentially since they can be produced cheaply. 

[janea4old]

https://deadline.com/2025/08/cbs-studios-paramount-tv-studios-split-streaming-series-reacher-1236481964/

The new, post-Skydance merger Paramount has two major TV studio units:

• the existing CBS Studios, led by David Stapf and overseen by Paramount Chair of TV Media George Cheeks,
   
•  and the newly formed Paramount TV Studios, headed by former Skydance TV President Matt Thunell and overseen by Dana Goldberg, Co-Chair of Paramount Pictures and Chair of Paramount Television.

Some TV and streaming projects will remain with CBS Studios, primarily for CBS broadcast but also some streaming-only series.
TV and streaming series that will remain with CBS Studios include: BeyondTheGates and StarTrek. 

Some projects will be with the new Paramount Studios, which combines the assets of Skydance Television and Showtime/MTV Entertainment Studios, and will be focused predominantly on streaming series for Paramount+ but also for outside platforms

_________________________________________________

separate article about the merged Paramount/Skydance company plans for
Paramount movies designed for movie theatre release:
https://deadline.com/2025/08/paramount-movies-priorities-top-gun-star-trek-1236480202/ 

Another high priority for the Skydance-owned Paramount is Star Trek, with which David Ellison has been involved since the 2013 sequel "Star Trek Into Darkness."

“Star Trek is a priority across the company,” said Goldberg.

_________________________________________________

So it looks like the merged company will continue to support Star Trek tv/streaming series via CBS Studios, and possible future Star Trek movies via Paramount Pictures.

Edited August 14 by janea4old

[janea4old]

recent Paramount-tagged articles from Deadline:
https://deadline.com/tag/paramount/

[alwaysAMC]

I love to read that Star Trek is a priority across the company!  That makes me happy out of all of this.

[janea4old]

Paramount plans for BET and BET+ 
https://deadline.com/2025/08/paramount-cable-networks-future-bet-plus-mtv-comedy-central-1236485828/

[janea4old]

https://www.hollywoodreporter.com/movies/movie-news/david-ellison-top-gun-star-trek-1236343043/
Ellison (new Skydance/Paramount CEO David Ellison) and his top executives hosted a meet-and-greet with journalists on the storied Melrose Lot Wednesday (Aug. 13)  to further discuss their plans for Paramount Pictures and the TV side of the aisle.
<snip>
Star Trek, which has not been in theaters since 2016, has largely been overseen by Alex Kurtzman with a lengthy list of Paramount+ series. Execs said that Trek would be looked at holistically rather than siloed off between different parts of the company, such as film and TV. “We’re going to make sure those conversations are happening together so that we can do what’s best for the brand as a whole,” said film co-chief Dana Goldberg

Edited August 14 by janea4old

[janea4old]

Paramount exec George Cheeks on the BeyondTheGates set for Clifton Davis' birthday
 

Edited October 5 by janea4old