David Ellison formally introduced himself to the industry and Wall Street as chairman CEO of the new Paramount in a letter posted as the deal closed that outlined where the new team will focus and some of its plans.

The company will operate with three divisions. Studios, Direct-to-Consumer and TV Media.

He touched on a “thoughtful” use of AI integrated across businesses, on supercharging streaming, spending on premium, exclusive content, focusing on sports and investing in media networks “appropriately based on the future business opportunity.”

Ellison and other executives on his team will be hosting their first press conference today at Paramount Global’s Times Square headquarters to offer more details.

The merger of Skydance Media with Paramount global formally closed this morni

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