Paramount Skydance Appoints Dennis Cinelli as CFO Amid Warner Bros Acquisition Battle
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: stocktwits
- New CFO Appointment: Dennis K. Cinelli will officially take over as Paramount Skydance's CFO on January 15, 2026, succeeding interim CFO Andrew C. Warren, which is expected to enhance the company's financial management efficiency.
- New Board Member: Paramount has appointed Andrew Campion, a former Nike and Disney executive, as an independent director, bringing valuable industry experience that is likely to strengthen the company's strategic decision-making in a competitive entertainment market.
- Acquisition Battle Intensifies: Paramount Skydance has made a $30 per share all-cash offer to acquire Warner Bros, surpassing Netflix's $27.75 offer, demonstrating the company's aggressive intent in the streaming industry competition.
- Market Reaction: Despite PSKY shares gaining 3% over the past 12 months, retail sentiment shifted from 'neutral' to 'bearish' in the last 24 hours, indicating market concerns over the uncertainty and potential risks surrounding the acquisition battle.
Analyst Views on PSKY
Wall Street analysts forecast PSKY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSKY is 14.38 USD with a low forecast of 8.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
2 Buy
8 Hold
6 Sell
Hold
Current: 12.140
Low
8.00
Averages
14.38
High
19.00
Current: 12.140
Low
8.00
Averages
14.38
High
19.00
About PSKY
Paramount Skydance Corp, formerly New Pluto Global, Inc., is a holding company. It operates through its wholly owned subsidiaries, Paramount Global (Paramount) and Skydance Media, LLC (Skydance). Paramount is a global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Its consumer brands include CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. In addition to offering streaming services and digital video products, it also provides production, distribution and advertising solutions. Skydance is a diversified media company focused on creating event-level entertainment for global audiences. Skydance develops, finances and produces live-action and animated films, television shows, sports content and interactive games worldwide. Skydance has also produced 31 seasons of live-action and animated television content across 16 series and supplies content across a range of platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
