Paramount and Skydance combined in 2025 to form a single, larger entertainment company now commonly referred to as Paramount Skydance (often abbreviated PSKY).
What Paramount Skydance is
Paramount Skydance Corporation is a U.S.-based media company created through an approximately $8 billion merger between Skydance Media and Paramount Global in 2025. The company brings together Paramount’s legacy assets like Paramount Pictures, CBS, Nickelodeon, MTV, Paramount+ and Pluto TV with Skydance’s film, TV, animation, gaming and interactive divisions.
Leadership and structure
David Ellison, the founder of Skydance, serves as chairman and CEO of the combined company, with former NBCUniversal executive Jeff Shell as president. The new entity is headquartered in California and its Class B shares trade on Nasdaq under the ticker symbol “PSKY.”
Strategic goals
The merger is intended to stabilize Paramount’s finances, pay down debt and invest more in streaming, animation, sports and video games. Skydance gains access to Paramount’s global distribution and brands, while Paramount gains Skydance’s production capacity and technology focus, with explicit plans to integrate Skydance Animation with Paramount Animation and Nickelodeon franchises.
Key challenges
Despite the merger, the combined company still faces pressure from cord- cutting, streaming competition from Netflix, YouTube, Disney and Amazon, and the need to find billions of dollars in cost savings. Leadership has signaled that more detailed restructuring and content strategies will be outlined in future earnings updates.
Paramount vs. Skydance before merger
Aspect| Paramount Global (pre‑merger)| Skydance Media (pre‑merger)
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Core business| Legacy studio, broadcast, cable, streaming (CBS, Paramount
Pictures, Nickelodeon, MTV, Paramount+, Pluto TV). 12| Independent studio
focused on films, TV, animation, and games. 1210
Main issue/opportunity| High debt, declining cable revenues, streaming losses.
125| Growth-focused, seeking scale and major IP access. 1210
Role in merger| Brought library, networks, and platforms. 12| Provided
capital, leadership, and production/tech capabilities. 1310
