ENTERTAINMENT NEWS – Paramount and Skydance seal $8.4 billion merger, ushering in new stock ticker and media era

Ananya Roy, News Writer

Paramount Global has officially merged with Skydance Media in an $8.4 billion deal, marking a pivotal moment for the entertainment industry. The newly formed company, Paramount Skydance Corp, will combine Paramount’s storied history, home to classics like The Godfather and Top Gun, with Skydance’s innovation-first approach to content creation and financial discipline. Skydance CEO David Ellison, now at the helm of the merged company, plans to restructure it into three core arms: studios, streaming, and television media. The move follows months of complex negotiations, regulatory review, and opposition from shareholders.

In a symbolic shift, Paramount’s Class B shares will trade under the new ticker PSKY on the Nasdaq, underscoring the company’s future-facing rebrand. With the merger, the newly formed entity inherits both the legacy of Paramount and the tech-savvy edge of Skydance, signaling a broader industry trend toward consolidation in response to streaming wars, advertising headwinds, and shifting consumer behavior. Ellison has already indicated a commitment to creative excellence and cost discipline, a necessary strategy as the industry grapples with peak content fatigue and economic volatility.