Skydance
Search documents
Paramount and Skydance close $8B acquisition
NBC News· 2025-08-07 18:52
So, the closing of this hard-fought deal, as you point out, represents a new era for Paramount, which will now be run by the powerful Ellison family. The move gives the company a stronger financial footing, and it comes as Paramount lags behind in the streaming wars. Paramount chairman and CEO David Ellison says the media giant will transform into a tech forward company in the future. ...
Paramount Sets Pay For Top Executives As Merger Closes
Deadline· 2025-08-07 15:47
Executive Compensation - The new Paramount has established employment contracts for its executive team, including chairman-CEO David Ellison and President Jeff Shell, with five-year contracts featuring an annual base salary of $3.5 million, a target bonus of $1.5 million, and a one-time restricted stock grant valued at $75 million each [1] - Andrew Brandon-Gordon, EVP, Chief Strategy Officer and Chief Operating Officer, will receive a base salary of $2.8 million, a target bonus of $1.2 million, and a one-time restricted stock award valued at $60 million [2] Severance Payments - Outgoing Paramount Global executives Brian Robbins and Chris McCarthy will receive severance payouts, with previous SEC filings indicating payments totaling $18.3 million for McCarthy and $18.6 million for Robbins upon termination and other events [2] - The trio of George Cheeks, McCarthy, and Robbins collectively earned $22.2 million, $19.5 million, and $19.6 million, respectively, for the previous year [3] Merger Completion - The merger between Paramount and Skydance has officially closed, marking a significant transition for the company [3]
Rich Greenfield on the media landscape: It's very hard for private equity to buy cable networks
CNBC Television· 2025-08-07 13:06
what's going on with Warner Brothers. >> Hey Andrew Warner Brothers discovery out with earnings this morning. Earnings coming in at $0.63% a share.Revenue 9.8% billion. That was ahead of expectations. Total adjusted EBITDA grew 9% to $2 billion over the prior year, driven by growth in streaming and studio segments.Streaming numbers reached 125.7% million. That's slightly ahead of estimates. Joining us now is Rich Greenfield Lightshed partners.Rich, great to have you with us. What's your first reaction to th ...
X @Forbes
Forbes· 2025-08-06 05:00
Gerry Cardinale’s firm RedBird Capital Partners is investing $1.8 billion toward Skydance’s $8 billion deal. Here’s how the tycoon became a billionaire—and how he may wield his influence at Paramount. (Photo: Alessandro Bremec/NurPhoto via Getty Images) https://t.co/YerjfNvxZ7 https://t.co/QgXOpwwNPc ...