Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate. Paramount Skydance is structured to serve theatrical, broadcast and streaming audiences worldwide.
Skydance Media was founded in 2006 by producer David Ellison and has since produced major Hollywood releases such as entries in the Mission: Impossible and Top Gun series as well as original television and animation projects. Paramount Global’s entertainment division dates back to the early 20th century, featuring Paramount Pictures, Nickelodeon Studios, Comedy Central and a portfolio of international networks. By uniting Skydance’s production capabilities with Paramount’s distribution infrastructure, the new company aims to accelerate content creation and unlock cross-platform monetization opportunities.
Upon closing, Paramount Skydance will operate globally, distributing films and series across North America, Europe, Asia-Pacific and emerging markets through theatrical releases, free-to-air and pay television networks, and direct-to-consumer streaming services. Key strategic priorities include scaling original streaming content, optimizing international distribution pipelines and maximizing the value of intellectual property across multiple media formats. The integration is designed to leverage synergies in content development, marketing and licensing.
Leadership of the combined entity is expected to feature Skydance founder David Ellison as chief executive officer and Paramount Global veteran Bob Bakish as executive chairman. The transaction remains subject to customary regulatory approvals and closing conditions, with completion targeted in 2024. Once finalized, Paramount Skydance will begin trading under the ticker symbol PSKY, positioning itself as a major independent content creation and distribution platform in the evolving global media landscape.