Thirteen months after David Ellison and Shari Redstone hashed out an $8 billion megadeal that would shift ownership of Paramount Global from the heir of a media mogul to the heir of a tech mogul, that merger finally closed on Thursday.
As the Skydance team, led by Ellison as CEO and former NBCUniversal exec Jeff Shell as president, settles in, the former Paramount C-suite and senior management team have drafted their farewell memos, burnished their résumés and touted accomplishments in the face of a tumultuous few years since the merger of Viacom and CBS in late 2019. The company had more than 18,000 employees as of the end of 2024.
Thirteen months after David Ellison and Shari Redstone hashed out an $8 billion megadeal that would shift ownership of Paramount Global from the heir of