Key Points Paramount was just acquired by a tech mogul's family. A stock that languished for years has a new lease on life. 10 stocks we like better than Paramount Skydance › Hollywood is a cutthroat business. Over the past couple of decades, the old studio system has fallen apart and the carcasses of those legendary film giants picked clean or outcompeted by well-funded, high-tech interlopers like Amazon.com (NASDAQ: AMZN) and Netflix (NASDAQ: NFLX). Right now, what a Hollywood studio needs to s ...

Group 1 - Paramount Global has received clearance to merge with Skydance Media after over a year of negotiations, aiming to revitalize its market presence [1][2] - The merger, valued at $8.4 billion, is a strategic move to compete against streaming giants and adapt to the changing media landscape [2] - David Ellison will become CEO of the new Paramount, with Jeff Shell overseeing daily operations as president [2] Group 2 - The merger's approval was delayed for more than 250 days, requiring a $16 million settlement with the FCC and commitments on programming diversity and unbiased reporting [3] - The deal signifies the end of the Redstone dynasty and the beginning of a new era under Ellison, following successful projects like Top Gun: Maverick [2][3] - Paramount and Skydance have a history of collaboration, having co-produced major film franchises [2]