Paramount Global is owned and controlled by National Amusements, Inc., which was formerly led by Sumner M. Redstone and now has ownership interests managed through a trust. However, in 2024 and 2025, a significant corporate change occurred: Paramount Global merged with Skydance Media, forming a new entity called Paramount Skydance Corporation. This merger involved major stakeholders including the Ellison family, led by David Ellison of Skydance, and RedBird Capital, who now have significant ownership and strategic investment stakes in the combined company. The merger was completed in August 2025, making Paramount Skydance Corporation the current owner and operator of the combined media assets previously held by Paramount Global and Skydance Media.
In summary:
- Paramount Global was controlled by National Amusements.
- The company merged with Skydance Media in 2025.
- The new company is called Paramount Skydance Corporation.
- Major ownership is held by the Ellison family (Skydance) and RedBird Capital, along with National Amusements interests.
