Skydance CEO David Ellison and Paramount Global’s Future Vision: A Recap of the Royal Film Performance and UK Premiere of ‘Top Gun: Maverick’

Skydance CEO David Ellison and former NBCUniversal CEO Jeff Shell recently hosted a call with Wall Street analysts to discuss the upcoming acquisition of Paramount Global. The deal, which includes the acquisition of Shari Redstone’s National Amusements, will see Ellison’s company take control of Paramount, with Shell becoming its president.

During the call, Ellison emphasized the importance of merging Skydance’s tech prowess with Paramount’s storytelling expertise to position the company for success in the evolving marketplace. Shell outlined a three-prong plan for streaming, including a review of content strategy and potential partnerships with other companies.

The executives also discussed their intention to rebuild the Paramount+ platform and enhance its technological capabilities to expand their direct-to-consumer business. Additionally, they identified cost efficiencies and plans to manage the decline of Paramount’s linear business while restructuring and elevating some cable brands.

The deal is expected to close in nearly a year, with Paramount’s co-CEOs continuing to run the company in the meantime. Shell praised Ellison as the perfect person to lead the company during this period of transition, highlighting his creative and technical abilities.

Overall, the acquisition of Paramount Global by Skydance represents a strategic move to position the company as a leader in entertainment, with a focus on leveraging technology and storytelling to drive success in the digital age.