Paramount agrees to merge with Skydance

A completed Skydance merger would mark a major shift for the ownership of Paramount, as well as for Hollywood as a whole. The Redstone family has long controlled the movie studio — known for films such as "The Godfather," "Top Gun," and "Forrest Gump" — as well as the CBS broadcast network and cable TV networks like MTV and Nickelodeon. The merger will also put David Ellison, the founder of the production company Skydance and son of Oracle founder and billionaire Larry Ellison, at the helm of a major movie ...