David Ellison has officially taken the reins of a transformed entertainment giant, closing an $8 billion merger to create Paramount Skydance. As the new chairman and CEO, Ellison now faces the daunting task of revitalizing a legendary studio while navigating a competitive media landscape dominated by Disney and Netflix.
Success will hinge on nurturing relationships with high-profile creatives and banking on major franchises. Paramount’s new film leadership—Josh Greenstein and Dana Goldberg—are expected to double down on successful partnerships with producers behind Transformers, Sonic the Hedgehog, and horror hits like Smile and A Quiet Place. Directors like John Krasinski and Parker Finn are seen as key players in this next chapter.
On the TV front, Paramount’s golden goose remains Taylor Sheridan, whose Yellowstone universe and other hit series have been pivotal for Paramount+. Meanwhile, South Park creators Matt Stone and Trey Parker recently renewed their billion-dollar deal, locking in another 50 episodes and full library rights for streaming.
CBS Studios continues to deliver with creators like the Kings (Elsbeth) and Alex Kurtzman (Star Trek), while projects with Ryan Reynolds and Kenya Barris promise future box office and streaming gold.
The merger signals a bold reboot for the historic studio—with Ellison betting big on creative loyalty and blockbuster IP.
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