Paramount Co-CEOs Say Talks Heating Up On Streaming Partnerships, Asset Sales Ahead Of Skydance Merger

The Paramount–Skydance merger is on track to close in the first half of 202 and "in the meantime, the Skydance and Redbird teams support our strategic plan and we are continuing to operate business as usual," said Chris McCarthy — who runs Par with Brian Robbins and George Cheeks — on a call after quarterly earnings. That includes an anticipated $500 million in cost cuts, a chunk from layoffs of about 15% of Paramount's staff that started today and will go through the rest of the year, as well as asset sale ...