Paramount Global Agrees to Skydance Deal

Paramount Global green up pointing triangle agreed to a deal that would merge the storied Hollywood company with David Ellison’s Skydance Media, according to people familiar with the matter, moving the complicated transaction a step closer to completion.  

The deal, once closed, would mark the end of an era for Shari Redstone, whose family for decades controlled Paramount through National Amusements. The agreement will give the beleaguered entertainment giant an injection of cash at a time when the traditional media landscape is in decline.