PARAA News & Events

Following its merger with Skydance Media, Paramount Global revealed plans to retain and develop its entertainment brands Nickelodeon, MTV, and BET while also increasing its feature film production, Dawn Chmielewski of Reuters reports. "We're thinking about ... the cable networks, not as declining linear assets that we need to spin off or deal with somehow," said President Jeff Shell, according to Reuters. "We're thinking of those brands that we have to redefine."

Skydance Media and Paramount Global (PARA, PARAA) announced the completion of their merger, creating a premier standalone global media and entertainment company, Paramount, a Skydance Corporation. Paramount Class B shares will begin trading August 7 on the Nasdaq Stock Market under the new ticker symbol "PSKY."

Following the completion of the company's merger with Skydance Media, Paramount Global co-CEO Brian Robbins will be stepping down, Juby Babu of Reuters reports, citing a memo. Skydance CEO David Ellison will lead as the new company's CEO following the merger.