Paramount Skydance expects another $1B in merger savings as David Ellison resets spending

Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024.Paramount Skydance said on Monday it expects $1 billion more in merger savings than it previously forecast as it outlines CEO David Ellison's ambitions for the company. The update came in Paramount's third-quarter earnings report — the company's first since its merger closed in early August. Ellison has been investing heavily in streaming and content, including live sports rights, and paying for it in part with cuts in ...