The merger brings Paramount’s legacy Hollywood footprint, major TV networks like CBS and MTV, streaming services and more under the roof of a new power player: billionaire Skydance founder David Ellison. Share Save for later Please log in to bookmark this story. Log In Create Free Account

Skydance and Paramount officially closed their US$8-billion merger on Thursday – kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction over the finish line.

The new company – which will trade under the “PSKY” ticker on Wall Street – brings Paramount’s legacy Hollywood footprint, major TV networks like CBS and MTV, streaming services and more under the roof of a new power player: billionaire Skydance founder David Ell

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